31 Pine StNorfolk, MA 02056

Property Details for 31 Pine St

Year built

2014

Construction

STEEL FRAME

Lot size

4.93 AC

Property size (Sq ft)

36,000 SF

Property type

Showrooms

APN

NORF M:0026 B:0081 L:0009

APU

NORFM0026B0081L0009

Description

This exceptional 3,577-square-foot medical office space is available for lease at 31 Pine Street in Norfolk, Massachusetts. Located in Norfolk County, this single-tenant property presents a unique opportunity for medical professionals seeking a well-appointed space to establish or expand their practice. The entire building, totaling 3,577 square feet, is currently vacant and ready for immediate occupancy. The property is ideally suited for a variety of medical uses, offering ample space for examination rooms, waiting areas, administrative offices, and support facilities. Its convenient location in Norfolk provides easy access to major transportation routes, ensuring convenient access for patients and staff. The property's address is 31 Pine Street, Norfolk, MA 02056. The building's size and layout offer flexibility for customization to meet the specific needs of a medical practice. This is a single-tenant building, providing privacy and control over the entire space. The property is situated in a desirable location within Norfolk County, offering a strong potential for patient attraction and business growth. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy. This represents a rare opportunity to secure a fully functional, single-tenant medical office building in a prime Norfolk location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,749,257

  6.5%

  $8,076,237

  7%

  $7,499,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,853,475

  Geo Method

  $11,853,475

• Alternative Use

  Use

  Valuation

  Residential

  $6,812,608

  Hospitality

  $6,240,312

  Educational

  $5,191,866

  Medical

  $5,370,423

  Retail

  $8,076,237

Location Insight

City

Norfolk

County

Norfolk

State

Massachusetts

Latitude

42.0901

Longitude

-71.2956

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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