Property profile

360 Monponsett St Halifax, MA 02338

OFF-MARKET
Investment properties
Property ID
US38-2395559
2,492 SF 0.84 ac lot Built 1949
Entity Owned 22-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1949
Construction FRAME
Total area 2,492 SF
Lot 0.84 ac (36,587 SF)
Zoning code CORNER
APN HALI M:52 P:28
UPID US38-2395559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

360 Monponsett St Halifax, MA 02338-1334
Halifax metro Census 526100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2003
2 recorded transactions
2013
Price N/A
2003
$350,000

Zoning & alternative use

CORNER · Halifax, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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