20 Park AvePlymouth, MA 02360

For Lease
$22/SF/YR View listing
  • Banks
  • 26,572 SF

Property Details for 20 Park Ave

Year built
1978
Construction
FRAME
Lot size
2.60 AC
Property size (Sq ft)
26,572 SF
Zone code
DH
Property type
Banks
APN
PLYM M:0014 B:0000 L:0070-6
APU
PLYMM0014B0000L00706

Description

This exceptional commercial property at 20 North Park Avenue in Plymouth's desirable South Shore-Plymouth submarket offers 26,572 square feet of creative office space for lease. The building features four available suites: two first-floor units (1,850 SF and 1,150 SF) and two second-floor units (850 SF and 2,750 SF). A minimum divisible space of 850 square feet allows for flexibility, catering to various business needs. Currently, 6,640 square feet is vacant and ready for immediate occupancy. The property boasts ample parking with 100+ spaces, a significant advantage in a downtown area with limited public parking. Its prime location offers easy walking access to numerous businesses and restaurants. The building is situated in a waterfront neighborhood, providing a desirable and attractive work environment. Utilities include electric and gas heat. The property sits on 2.65 acres of land and is zoned Parcel Zoning DH. High ceilings and a flexible floor plan add to the appeal of this exceptional opportunity. This is a rare chance to secure prime office space in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,457,924
    6.5%
    $5,961,160
    7%
    $5,535,363
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,749,182
    Geo Method
    $8,749,182
  • Alternative Use

    Use
    Valuation
    Residential
    $5,028,462
    Hospitality
    $4,606,044
    Educational
    $3,832,174
    Medical
    $3,963,969
    Retail
    $5,961,160
20 Park Ave, Plymouth, Massachusetts

Location Insight

City
Plymouth
County
Plymouth
State
Massachusetts
Latitude
41.9613
Longitude
-70.6691
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
$52,121
$2,348,600
$1,701,200
$4,049,800
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