360 Monponsett St Halifax, MA 02338-1334
- Investment properties
- 2,492 SF
- 0.84 lot acres
Current Use by Public Records
- Investment properties
Property Details for 360 Monponsett St
- Year built
- 1949
- Construction
- FRAME
- Lot size
- 0.84 lot acres
- Property size
- 2,492 SF
- Zone code
- CORNER
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- HALI M:52 P:28
- APU
- HALIM52P28
Description
This exceptional investment opportunity presents a unique blend of established businesses and rental income potential. Located at 360 Monponsett Street in Halifax, MA, this property boasts a prime location at the intersection of Routes 58 and 106, ensuring high visibility and traffic flow. The 0.92-acre lot (36,587 sq ft plus an additional 3,600 sq ft along the rear) provides ample space, including 47 paved parking spaces and a detached garage. The property includes Mea's Dairy Bar, a long-standing community fixture since the 1980s, currently operating as an ice cream parlor. Additional retail tenants occupy the space, including a tailor and a parts store. An apartment is currently vacant, offering immediate rental income potential. A passing Title V report is available. The property's strategic location near Walmart, a school, and numerous other businesses further enhances its desirability and investment potential. This is a rare chance to acquire a well-established, multi-faceted commercial property in a thriving area, offering a strong return on investment. The property is priced at $1,200,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $350,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $375,000
- Mixed-Use
- $325,000
- Hospitality
- $425,000
- Educational
- $320,000
- Residential Income
- $370,000
- Energy
- $360,000
- Income-Based Land
- $320,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Halifax
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.8448
- Latitude
- 41.9988
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA