121 Standish AveQuincy, MA 02170

Property Details for 121 Standish Ave

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

2,655 SF

Zone code

BUSB

Property type

Retail space

APN

QUIN M:5085 B:23 L:95

APU

QUINM5085B23L95

Description

This exceptional commercial property at 121 Standish Ave, Quincy, MA presents a unique investment opportunity. Situated on a 0.06-acre lot, this property offers a blend of immediate income and significant future potential. Currently featuring one commercial unit operating under a net-net-net (NNN) lease, providing a stable income stream, and an additional vacant unit, this property is ideally positioned for growth. The location is highly desirable, less than a mile from the Wollaston T Station and Quincy's vibrant Hancock Street, placing it within easy reach of Quincy Center's thriving business and retail district. Its excellent visibility and accessibility make it an attractive proposition for a variety of uses. The property's zoning allows for both commercial use and redevelopment, opening up exciting possibilities. Envision a mixed-use development, a larger commercial facility, or even a residential condominium project on this strategically located site. This property offers a compelling combination of immediate return on investment through the existing NNN lease and substantial long-term growth potential through redevelopment. The proximity to public transportation and Quincy's robust economy further enhances its appeal. Don't miss this chance to acquire a prime commercial property in a rapidly developing area. The asking price is $1,280,000.

• CAP approach

  CAP return

  Valuation

  6%

  $645,258

  6.5%

  $595,622

  7%

  $553,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $874,194

  Geo Method

  $874,194

• Alternative Use

  Use

  Valuation

  Residential

  $502,430

  Hospitality

  $460,223

  Educational

  $382,900

  Medical

  $396,069

  Retail

  $595,622

Location Insight

City

Quincy

County

Norfolk

State

Massachusetts

Latitude

42.2628

Longitude

-71.0125

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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