51 Court StPlymouth, MA 02360

Property Details for 51 Court St

Year built

1900

Construction

FRAME

Property size (Sq ft)

1,854 SF

Zone code

DH

Property type

Office properties

APN

PLYM M:0017 B:0000 L:0120-B

APU

PLYMM0017B0000L0120B

Description

This exceptional investment opportunity presents a turn-key, tenant-occupied commercial office condo in the vibrant heart of historic downtown Plymouth, Massachusetts. The property, located at 51 Court Street C, offers 1,613 square feet of usable space, strategically divided to maximize functionality. The main level encompasses 1,300 square feet of retail space ideally situated on a high-foot-traffic area, ensuring excellent visibility and potential for strong rental income. A finished basement adds an additional 313 square feet, providing valuable office and storage space. The unit is further enhanced by a small commercial baking kitchen, perfectly suited for a variety of businesses, and two restrooms – one for patrons and one for employees. Recent cosmetic improvements have been made, ensuring the property is in excellent condition. The current lease agreement extends until December 2029, providing long-term income stability for the investor. Detailed financial information is available upon request. This is a cash buyer opportunity

• CAP approach

  CAP return

  Valuation

  6%

  $306,522

  6.5%

  $282,943

  7%

  $262,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,244

  Geo Method

  $242,244

• Alternative Use

  Use

  Valuation

  Residential

  $350,849

  Hospitality

  $321,376

  Educational

  $267,381

  Medical

  $276,577

  Retail

  $415,926

Location Insight

City

Plymouth

County

Plymouth

State

Massachusetts

Latitude

41.9585

Longitude

-70.6671

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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