352 Main StAcushnet, MA 02743

Property Details for 352 Main St

Year built

1970

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

1,625 SF

Zone code

1

Property type

Investment properties

Property subtype

Live-work space

APN

ACUS 11.28

APU

ACUS1128

Description

This exceptional mixed-use property, situated at 352 Main Street in Acushnet, Massachusetts, presents a unique investment opportunity. The building boasts a prime location on Main Street, ensuring high visibility and significant foot traffic. The property includes a ground floor office/storefront and a sizable shop area equipped with two overhead doors, ideal for various commercial ventures. Adding to its appeal are two separate apartments located on the first and second floors, generating rental income to offset operational expenses. These residential units offer independent access and are completely separate from the commercial spaces. Recent upgrades include a brand-new commercial septic system, ensuring efficient and compliant waste management. Furthermore, the property is equipped with a Generac automatic propane generator, providing reliable backup power in case of outages. The one-acre lot offers ample space and potential for future expansion or outdoor use. This property is perfect for an owner-operator seeking a blend of commercial and residential income, or an investor looking for a strong return on investment in a desirable location. The combination of high visibility, rental income, and recent upgrades makes this a truly compelling opportunity. The property is offered at $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $268,661

  6.5%

  $247,995

  7%

  $230,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,322

  Geo Method

  $212,322

• Alternative Use

  Use

  Valuation

  Residential

  $307,514

  Hospitality

  $281,681

  Educational

  $234,355

  Medical

  $242,415

  Retail

  $364,552

Location Insight

City

Acushnet

County

Bristol

State

Massachusetts

Latitude

41.6967

Longitude

-70.9003

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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