Property profile

365 Main St Townsend, MA 01469

FOR LEASE
Manufacturing properties
Property ID
US38-1860975
48,420 SF 6.2 ac lot Built 1950
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 29,670-square-foot industrial property, located at 365 Main Street in Townsend, Massachusetts, presents a unique investment opportunity. The single-tenant building offers a versatile space suitable for manufacturing, warehousing, or distribution operations. Its strategic location in the heart of Townsend provides easy access to both eastern and western Massachusetts. Situated directly off Route 119, the property enjoys convenient proximity to Route 2, ensuring seamless transportation and logistics. The 01469 zip code offers a strong logistical advantage for businesses needing efficient access to major transportation arteries. The building's substantial size allows for ample space for operations, storage, and potential expansion. This property is ideal for businesses seeking a central Massachusetts location with excellent highway access and a substantial footprint for their operations. The property is classified as industrial, with subtypes including manufacturing, warehouse, and distribution, making it suitable for a wide range of industrial uses. Its single-tenant occupancy simplifies management and provides a stable income stream for investors. The property's precise geographic coordinates are 42.6747554 latitude and -71.6792008 longitude. This prime location and substantial square footage make this an attractive proposition for businesses seeking a strategic foothold in the Massachusetts market. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1950
Construction STEEL FRAME
Total area 48,420 SF
Lot 6.2 ac (270,072 SF)
Zoning code ID
APN TOWN M:0018 B:0007 L:0000
UPID US38-1860975

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Production Facility

Location

365 Main St Townsend, MA 01469
Townsend metro Census 301101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.71M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.46M

Owner & transaction history

since 2022
Last sale
$1.7M
5 recorded transactions
2022
$1.7M
2022
Price N/A
2011
$555,000
2011
Price N/A
1999
$900,000

Zoning & alternative use

ID · Townsend, MA
Zoning description

Industrial District (ID). § 145-22 Applicability. [Amended 1-17-1989 STM by Art. 18] Except as provided by law or in this bylaw in each district no building, structure, or land shall be used or occupied except for the pu…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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