471 Washington St Stoughton, MA 02072
- Industrial properties
- 34,793 SF
- 2.93 lot acres
Current Use by Public Records
- Fellowship House / Religious Institution
Property Details for 471 Washington St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 2.93 lot acres
- Property size
- 34,793 SF
- Zone code
- I
- Property type
- Industrial properties
- APN
- STOU M:0056 B:0016 L:0000
- APU
- STOUM0056B0016L0000
Description
This exceptional 2.93-acre property located at 471 Washington St, Stoughton, MA 02072, presents a unique investment opportunity. Situated in Norfolk County, this site offers significant potential for redevelopment. Currently zoned INDUST, the property boasts a one-story building constructed in 1920. The existing structure, while currently used for retail purposes, is ideally suited for conversion or demolition to make way for a new development. The property's multi-use zoning allows for a variety of development options, including multifamily residential, retail, or industrial uses. The substantial lot size provides ample space for a large-scale project. The property's prime location in Stoughton, Massachusetts, offers easy access to major transportation routes and amenities, making it an attractive location for both residents and businesses. This is a rare chance to acquire a significant parcel of land in a thriving Massachusetts community with high potential for substantial returns. The property's history as a retail space and its current zoning provide flexibility for a wide range of development plans. Serious inquiries are encouraged to explore the full potential of this remarkable development opportunity. The latitude and longitude coordinates are 42.1333591 and -71.102092 respectively.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $890,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $920,000
- 6.5%
- $940,000
- 7%
- $990,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,060,000
- Geo Method
- $1,075,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $775,000
- Retail
- $985,000
- Mixed-Use
- $780,000
- Hospitality
- $880,000
- Educational
- $770,000
- Residential Income
- $1,020,000
- Energy
- $985,000
- Income-Based Land
- $940,000
- Food Service
- $1,020,000
Location Insight
- Map
- Local Demand
- City
- Stoughton
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.1023
- Latitude
- 42.1335
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA