This exceptional freestanding commercial property, situated on a highly visible 0.32-acre lot at 119 Bridge Street in Weymouth, Massachusetts, presents a rare investment opportunity. Conveniently located on Route 3A, near the Quincy line, this versatile building offers significant potential for a wide range of businesses. The main structure boasts over 1,000 square feet of flexible office space, ideal for various configurations to suit individual needs. Attached to the office is a substantial 700+ square foot garage, equipped with a gas trap, adding significant value and utility. This feature is particularly advantageous for businesses requiring storage, workshop space, or vehicle maintenance capabilities. The property's prime location on a busy thoroughfare ensures high visibility and accessibility, making it an attractive proposition for businesses seeking strong foot traffic and convenient access for clients and employees. The flexible layout and ample space allow for diverse uses, including but not limited to retail operations, general contracting, plumbing, electrical work, HVAC services, and many other possibilities. This is a unique chance to acquire a well-positioned commercial property with substantial potential for growth and profitability. The asking price is $719,000. Serious inquiries are encouraged.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$252,756
6.5%
$233,314
7%
$216,648
Comparable approach
Method
Valuation
Relative Method
$342,434
Geo Method
$342,434
Alternative Use
Use
Valuation
Residential
$196,809
Hospitality
$180,276
Educational
$149,987
Medical
$155,146
Retail
$233,314
Location Insight
City
Weymouth
County
Norfolk
State
Massachusetts
Latitude
42.2424
Longitude
-70.9611
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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