19 Park StAttleboro, MA 02703

Property Details for 19 Park St

Year built

1938

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

44,580 SF

Zone code

CB

Property type

Office buildings

APN

ATTL M:28 L:8

APU

ATTLM28L8

Description

This exceptional mixed-use property, located at 19 Park Street in Attleboro, Massachusetts, presents a compelling redevelopment opportunity. The 44,580 square foot building, constructed in 1938 and renovated in 1980, boasts a prime location in Attleboro's revitalizing downtown area, conveniently situated near the commuter rail. Currently operating at 75% occupancy, the five-story building is zoned for general business use and previously had approvals for conversion into a 23-unit multifamily complex with ground-floor commercial space. This represents a significant opportunity for investors seeking to capitalize on the growing demand for housing and commercial space in this vibrant Massachusetts community. The property is being sold as a package with 44 Park Street, offering an expanded development potential. The asking price is $2,900,000, translating to $65.05 per square foot. With its proximity to the commuter rail, providing easy access to Boston within 40 minutes, and its walkable location near restaurants, shops, and parks, this property offers a unique blend of investment potential and lifestyle appeal. The single building offers significant upside for a savvy investor looking to contribute to Attleboro's ongoing transformation. The property's existing infrastructure and approved plans provide a solid foundation for a swift and efficient redevelopment project.

• CAP approach

  CAP return

  Valuation

  6%

  $8,754,878

  6.5%

  $8,081,426

  7%

  $7,504,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,824,823

  Geo Method

  $5,824,823

• Alternative Use

  Use

  Valuation

  Residential

  $10,020,968

  Hospitality

  $9,179,153

  Educational

  $7,636,948

  Medical

  $7,899,594

  Retail

  $11,879,696

Location Insight

City

Attleboro

County

Bristol

State

Massachusetts

Latitude

41.9444

Longitude

-71.2835

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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