320 Washington StNorwell, MA 02061

Property Details for 320 Washington St

Year built

1985

Construction

FRAME

Lot size

0.99 AC

Property size (Sq ft)

13,360 SF

Property type

Office buildings

APN

NORW M:31 L:1

APU

NORWM31L1

Description

This exceptional 12,360 square foot commercial property at 320 Washington Street in Norwell, Massachusetts, presents a rare opportunity. Situated on a 0.99-acre lot, this building boasts convenient access to Route 53, a key thoroughfare in the area. A significant advantage is the presence of an elevator, a feature uncommon in buildings of this size in this location. The interior has recently undergone improvements, including fresh paint and new carpeting, creating a modern and inviting workspace. Individual units are available on the second floor, offering flexibility for various business needs. Each unit is equipped with energy-efficient mini-split heat pumps, providing both heating and cooling. Tenants are responsible for their own utilities. The building is fully wired for both FIOS and Xfinity high-speed internet services, ensuring seamless connectivity for any business. This property is ideal for a company seeking a well-maintained, conveniently located, and technologically advanced office space in the thriving Norwell market. The ample square footage and available second-floor units provide significant expansion potential. This is a unique opportunity to secure a highly desirable commercial space in a prime Norwell location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,208,807

  6.5%

  $2,038,899

  7%

  $1,893,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,745,618

  Geo Method

  $1,745,618

• Alternative Use

  Use

  Valuation

  Residential

  $2,528,234

  Hospitality

  $2,315,849

  Educational

  $1,926,759

  Medical

  $1,993,024

  Retail

  $2,997,181

Location Insight

City

Norwell

County

Plymouth

State

Massachusetts

Latitude

42.1619

Longitude

-70.8643

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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