106 Access RdNorwood, MA 02062

Property Details for 106 Access Rd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.20 AC

Property size (Sq ft)

18,960 SF

Property type

Office buildings

APN

NORW M:00021 B:00015 L:00223

APU

NORWM00021B00015L00223

Description

This exceptional 1.2-acre parcel of land, located at 106 Access Road in Norwood, Massachusetts, presents a compelling investment opportunity for developers and businesses seeking a strategic location. The property's zoning allows for a variety of potential uses, making it highly versatile and adaptable to diverse project needs. Its expansive size offers ample space for new construction or significant expansion of existing operations. The address, 106 Access Road, provides convenient access to major transportation arteries, facilitating efficient logistics and streamlined operations. The property is situated in Norwood, a thriving community known for its robust infrastructure and business-friendly environment. This location offers proximity to a skilled workforce and a strong local economy, creating a favorable environment for growth and success. The asking price of $2,800,000 reflects the significant potential of this land, representing a valuable opportunity to acquire a substantial property in a prime location. Detailed information regarding zoning regulations and permitted uses is readily available upon request. This is an exceptional chance to secure a significant piece of land in a highly desirable area, poised for future development and growth. Interested parties are encouraged to act swiftly to capitalize on this unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,723,218

  6.5%

  $3,436,817

  7%

  $3,191,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,477,314

  Geo Method

  $2,477,314

• Alternative Use

  Use

  Valuation

  Residential

  $4,261,653

  Hospitality

  $3,903,651

  Educational

  $3,247,792

  Medical

  $3,359,488

  Retail

  $5,052,120

Location Insight

City

Norwood

County

Norfolk

State

Massachusetts

Latitude

42.1866

Longitude

-71.179

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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