267 Main StTownsend, MA 01469

Property Details for 267 Main St

Year built

1865

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

3,752 SF

Zone code

DCD

Property type

Investment properties

Property subtype

Live-work space

APN

TOWN M:0051 B:0006 L:0000

APU

TOWNM0051B0006L0000

Description

This exceptional mixed-use property presents a unique investment opportunity in the thriving town of Townsend, Massachusetts. Located at 267 Main Street, this two-story building boasts 3,213 square feet and comprises three distinct units, offering diverse income streams and potential for expansion. The ground floor features a retail/office space currently operating as a computer repair business, benefiting from excellent street-front visibility. This space offers ample opportunity for a variety of commercial ventures. Upstairs, a beautifully renovated open fitness studio, currently used as a yoga studio, provides a ready-made space for continued operation or adaptation to other fitness-related businesses. Completing the property is a one-bedroom, one-bathroom residential apartment, currently vacant, offering immediate rental income potential or the possibility of owner occupancy. The building's strategic location at the intersection of Routes 119 and 13, adjacent to Townsend Common, ensures high traffic and visibility, maximizing its commercial appeal. This versatile property is ideal for both seasoned investors seeking a strong return and entrepreneurs looking to establish their own business in a prime location. The asking price for this exceptional opportunity is $414,900. This property is being offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $620,318

  6.5%

  $572,601

  7%

  $531,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,236

  Geo Method

  $490,236

• Alternative Use

  Use

  Valuation

  Residential

  $710,025

  Hospitality

  $650,379

  Educational

  $541,108

  Medical

  $559,717

  Retail

  $841,723

Location Insight

City

Townsend

County

Middlesex

State

Massachusetts

Latitude

42.6674

Longitude

-71.7065

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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