160 Summer StKingston, MA 02364

  • Commercial real estate
  • 13.11 AC

Property Details for 160 Summer St

Lot size
13.11 AC
Property type
Commercial real estate
APN
KING M:0020 B:0009
APU
KINGM0020B0009

Description

Summer Hill Plaza, located at 160 Summer Street in Kingston, Massachusetts (zip code 02364), presents a unique opportunity for businesses seeking prime retail or office space in Plymouth County. This multi-tenant property boasts a total of 6,842 square feet, currently entirely vacant and ready for immediate occupancy. The flexible layout allows for various configurations, with minimum divisible space of 1,620 square feet and a maximum contiguous space of 5,222 square feet, catering to a range of business needs and sizes. Ample parking is provided with 555 spaces available for tenants and their customers. The property is conveniently situated in Kingston, MA, offering excellent visibility and accessibility. This is an exceptional opportunity to establish a presence in a thriving community with strong local demographics. The property is classified as both retail and office space, making it suitable for a diverse range of businesses. The address is easily accessible and benefits from high traffic volume. The entire 6,842 square feet is available for lease, providing a significant opportunity for a single tenant or the potential for multiple smaller tenants. Interested parties are encouraged to inquire about lease terms and conditions. Don't miss this chance to secure a prominent location in a desirable market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $107,004,000
    6.5%
    $98,772,900
    7%
    $91,717,700
  • Comparable approach

    Method
    Valuation
    Relative Method
    $74,616,300
    Geo Method
    $74,616,300
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $194,461,000
    Retail / Commercial
    $99,718,700
    Mixed-Use / Specialty
    $99,363,200
    Hospitality / Lodging
    $72,899,600
    Office
    $98,772,900
    Institutional / Educational
    $103,298,000
    Residential Income
    $120,858,000
    Multifamily
    $144,951,000
    Automotive / Energy
    $88,540,900
    Parking / Income-Based Land
    $30,554,400
    Restaurant / Food Service
    $51,679,600
    Healthcare / Senior Housing
    $101,895,000

Location Insight

City
Kingston
County
Plymouth
State
Massachusetts
Latitude
42.008
Longitude
-70.7322
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
$179,486
$4,836,900
$9,284,700
$14,121,600
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FAQs

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