Property profile

547 Washington St Easton, MA 02375

FOR LEASE
Banks
Property ID
US38-1725991
5,862 SF 1.07 ac lot Built 1997
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, located at 547 Washington Street in Easton, Massachusetts (02375), offers 5,862 square feet of vacant space in a single-tenant configuration. Situated on a 1.07-acre lot at the intersection of Route 123 and Route 138 in South Easton, this property boasts unparalleled visibility and accessibility. Built in 1997, the one-story building features modern amenities including an elevator. The zoning is BUS, allowing for a variety of uses. Previously occupied by a bank branch for two decades, this property is ideal for a range of businesses, including but not limited to: a new bank branch, urgent care facility, law firm, accounting firm, or engineering firm. The property's high profile location ensures significant exposure to potential clients and customers. The building's single-tenant layout provides flexibility and control for the new occupant. This is a rare opportunity to acquire a well-maintained, highly visible office space in a desirable location. The property is being offered as a sub-lease.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1997
Construction FRAME
Total area 5,862 SF
Lot 1.07 ac (46,609 SF)
APN EAST M:0033U B:0104 L:0000
UPID US38-1725991

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
  • Bank Loan Service

Location

547 Washington St Easton, MA 02375
Easton metro Census 600100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$555k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
1997
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $845,000 +22.5%
Restaurant $810,000 +17.5%
Auto repair, garage $730,000 +5.5%

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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