915 Pleasant StNorwood, MA 02062

Property Details for 915 Pleasant St

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.23 AC

Property size (Sq ft)

7,000 SF

Property type

Auto shops

APN

NORW M:00010 B:0005A L:00003

APU

NORWM00010B0005AL00003

Description

This В±7,000 square foot industrial/automotive building presents a unique investment opportunity in Norwood, MA. Situated on a 1.23-acre lot, the property offers ample parking and yard space, making it ideal for a variety of uses. Currently housing a transmission business with a Class II license (available separately), the building boasts high ceilings, four drive-in doors, and significant potential for expansion or multi-tenant occupancy. The existing tenant provides a stable income stream, while the substantial space allows for owner-user occupancy or further leasing opportunities. The building's versatile layout is suitable for auto repair, auto body work, transmission services, or other industrial applications. Its strategic location provides quick and convenient access to major roadways, including Routes 128, 95, and 1, ensuring excellent accessibility for both employees and clients. This property offers a compelling combination of existing income, development potential, and prime location, making it an attractive investment for discerning buyers. The ample parking and yard space further enhance its functionality and appeal. The high ceilings and multiple drive-in doors provide efficient workflow and ease of access for large vehicles and equipment. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,701,244

  6.5%

  $1,570,379

  7%

  $1,458,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,304,842

  Geo Method

  $2,304,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,324,674

  Hospitality

  $1,213,394

  Educational

  $1,009,530

  Medical

  $1,044,249

  Retail

  $1,570,379

Location Insight

City

Norwood

County

Norfolk

State

Massachusetts

Latitude

42.1693

Longitude

-71.2048

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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