119 Bridge StWeymouth, MA 02191

  • Retail space
  • 1,040 SF
For Sale
$719,000 View listing

Property Details for 119 Bridge St

Year built
1920
Construction
FRAME
Lot size
0.32 AC
Property size (Sq ft)
1,040 SF
Zone code
100
Property type
Retail space
APN
WEYM M:06 B:065 L:003
APU
WEYMM06B065L003

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,329
$253,800
$319,600
$573,400
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-
-
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FAQs

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