33 Library StGeorgetown, MA 01833

Property Details for 33 Library St

Year built

1960

Construction

FRAME

Lot size

0.78 AC

Property size (Sq ft)

3,006 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

GEOR M:0010B B:00000 L:00026

APU

GEORM0010BB00000L00026

Description

This exceptional 3,000-square-foot retail storefront, located at 33 Library Street in Georgetown, Massachusetts, presents a unique investment opportunity. Situated on a 0.78-acre lot, this three-story building boasts a recent 2024 renovation, offering modern amenities within a classic structure originally built in 1960. The property features a wood frame construction and a building height of 21 feet, with each typical floor encompassing 1,002 square feet. The permitted zoning is COMM B, allowing for a variety of commercial uses. Previously occupied by a swimming pool supply store for over two decades, this vacant space is ready for immediate occupancy. Its convenient location offers excellent accessibility, being just 0.25 miles from downtown Georgetown and 1.8 miles from I-95, ensuring high visibility and convenient access for customers and employees. The property also provides ample parking, with a ratio of 3.33 spaces per 1,000 square feet. This well-maintained property is priced at market value and represents a strong investment in a thriving Massachusetts community. The property's history and location make it an ideal space for a variety of retail businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $730,563

  6.5%

  $674,366

  7%

  $626,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $989,765

  Geo Method

  $989,765

• Alternative Use

  Use

  Valuation

  Residential

  $568,853

  Hospitality

  $521,066

  Educational

  $433,521

  Medical

  $448,430

  Retail

  $674,366

Location Insight

City

Georgetown

County

Essex

State

Massachusetts

Latitude

42.722

Longitude

-70.9896

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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