50 Aldrin Rd Plymouth, MA 02360
- Industrial properties
- 15,660 SF
- 1.51 lot acres
Current Use by Public Records
- Robert Proctor, MED / Physician
- Donna Kochis / Foster Care Service / Social Service Agency
- Morgan Rogliano / Foster Care Service / Social Service Agency
- Lynne Nagle / Foster Care Service / Social Service Agency
- Stephanie Page / Counselor
Property Details for 50 Aldrin Rd
- Year built
- 1978
- Construction
- STEEL FRAME
- Lot size
- 1.51 lot acres
- Property size
- 15,660 SF
- Zone code
- LI
- Property type
- Industrial properties
- APN
- PLYM M:0101 B:0000 L:032C
- APU
- PLYMM0101B0000L032C
Description
This exceptional 14,300-square-foot office building, located at 50 Aldrin Road in Plymouth, Massachusetts, presents a unique investment opportunity. The property, situated on a 1.51-acre lot, boasts a versatile layout perfectly suited for businesses requiring both office and classroom-style spaces. The building comprises two interconnected structures: a 6,000-square-foot flex office area, a 3,660-square-foot office/showroom, and an additional 4,640 square feet of second-floor office space. Features include private offices, four large classrooms, three restroom sets, two kitchens, a loading dock area with a drive-in door, and ample parking for 57 vehicles. The property benefits from public water and sewer connections, and a significant energy-saving advantage is provided by a five-year-old owned solar panel system (66 KW) which generated $28,000 in 2023. Further enhancing the property's value are a 2016 standing seam metal roof on the 6,000 SF building and new HVAC units installed in 2019 and 2020. The building is zoned LI (Light Industrial) and enjoys a prime location near Route 44 and Route 3, offering easy access to both Boston and Cape Cod. Its proximity to Colony Place shopping center provides added convenience. The asking price is $1,995,000, with an occupancy date of November 6, 2024. The building was constructed in 1978 and underwent renovations in 2018. A large outdoor area offers additional space for employee breaks or meetings.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,775,000
- 6.5%
- $2,565,000
- 7%
- $2,380,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,635,000
Market price range: $508k - $2.80M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,555,000 Current use
- RESTAURANT
- $4,130,000 Change: +16% Conversion: Difficult
- RETAIL STORES
- $3,250,000 Change: -9% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,240,000 Change: -9% Conversion: Easy
- OFFICE BUILDING
- $3,100,000 Change: -13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,045,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Plymouth
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.6921
- Latitude
- 41.957
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA