148 Squantum StQuincy, MA 02171
- Specialty properties
- 6,082 SF
Property Details for 148 Squantum St
- Year built
- 1920
- Lot size
- 0.21 AC
- Property size (Sq ft)
- 6,082 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional investment opportunity presents a 6,082 square foot school building situated on a 0.21-acre lot in Quincy, Massachusetts. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $90,000, yielding a 7.50% cap rate. Built in 1920 and renovated in 1987, the building offers ample space for classrooms, offices, and support facilities, making it ideal for continued operation as a school or daycare. The property boasts a well-maintained exterior and includes a playground. Its versatile layout and prime location near Route 3A and Route 93 provide significant advantages. Importantly, the property's R-2 zoning permits both school use and multi-family development, opening up exciting possibilities for future expansion or redevelopment. The asking price is $1,200,000. This is a rare chance to acquire a turnkey investment with substantial upside potential in a desirable location. The property is located at 148 E Squantum St, Quincy, MA 02171.
Location Insight
- City
- Quincy
- County
- Norfolk
- State
- Massachusetts
- Latitude
- 42.2802
- Longitude
- -71.0249
Comparable in this City
Similar Nearby for Sale
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