1025 Plain StMarshfield, MA 02050

  • Office buildings
  • 10,806 SF
For Sale
$2,500,000 View listing

Property Details for 1025 Plain St

Year built
1985
Construction
FRAME
Lot size
1.23 AC
Property size (Sq ft)
10,806 SF
Zone code
I-1
Property type
Office buildings
APN
MARS M:0C10 B:0001 L:007A
APU
MARSM0C10B0001L007A

Description

This exceptional commercial property, situated at 1025 Plain Street in Marshfield, Massachusetts, presents a compelling investment opportunity. Priced at $2,500,000, this general commercial building boasts a prime location just off Route 3, exit 27, and directly on the heavily trafficked Route 139, ensuring high visibility and accessibility for businesses. The property sits on a one-acre lot, offering ample space and potential for expansion or future development. The building's functional layout provides flexibility for a variety of commercial uses, catering to the needs of diverse tenants. Its strategic location offers tenants convenient access to a wealth of local amenities, including a variety of restaurants and shopping options, enhancing the overall appeal and convenience for employees and customers alike. The proximity to major transportation routes, including easy access to Route 3 and Route 139, provides excellent connectivity to the wider region. Furthermore, its location offers convenient access to Boston (28 miles) and Rhode Island (45 miles), making it an attractive option for businesses serving a broader market. This property represents a rare opportunity to acquire a well-situated commercial building with significant potential for growth and return on investment. The building's size is not specified in the provided information.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,786,555
    6.5%
    $1,649,127
    7%
    $1,531,332
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,411,912
    Geo Method
    $1,411,912
  • Alternative Use

    Use
    Valuation
    Residential
    $2,044,918
    Hospitality
    $1,873,134
    Educational
    $1,558,425
    Medical
    $1,612,022
    Retail
    $2,424,217

Location Insight

City
Marshfield
County
Plymouth
State
Massachusetts
Latitude
42.1067
Longitude
-70.7604
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,344
$803,700
$961,800
$1,765,500
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-
-
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