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Property profile & analytics
OFF-MARKET Estimated value $580,000
Retail space

409 Washington St Weymouth, MA 02188-2929

2,764 SF 0.28 ac lot Built 1950
Individually Owned 31-yr Hold Free & Clear
Property ID
US38-0650103
Property summary
AI-generated overview

This exceptional 2,764 square foot free-standing retail building, located on Route 53 in Weymouth, presents a unique investment opportunity. Completely renovated in 2020, the property boasts a single-tenant occupancy and is ready for immediate use. The building, constructed in 1950, sits on a 0.28-acre lot and offers ample parking with 18+ spaces. Its prominent location ensures high visibility, with over 23,000 vehicles passing daily. The oversized pylon signage guarantees maximum brand exposure. Previously used as a restaurant, the space has been thoughtfully converted into a versatile storefront, ideal for a variety of retail businesses. The zoning designation is 100. Property taxes are $3.03 per square foot. The building is a single-story structure with a total of 2,764 square feet of vacant space. This is a rare opportunity to acquire a well-located, renovated retail property in a high-traffic area. Don't miss out on this chance to establish your business in a prime Weymouth location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,764 SF
Lot 0.28 ac (12,303 SF)
Zoning code 100
APN WEYM M:24 B:325 L:045
UPID US38-0650103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wellspring Multi-Service Center/Thrift shop Charitable Organization Social Service Agency
  • AMAZING Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
$725k
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k
Owner & transaction history
Fdic · 31 yrs held
Fdic
since 1995
7 recorded transactions
1999
Price N/A
1997
Price N/A
1995
$132,933
1994
Price N/A
1993
Price N/A
1993
Price N/A
1991
$5,000
Zoning & alternative use
100 · Weymouth, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $890,000 +11.3%
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