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159 Washington St 2,546 SF Retail Building Norwell, MA 02061 $830,000 ($326.00/SF)
INVESTMENT HIGHLIGHTS
- Fully leased (as of Spring of 2025)
EXECUTIVE SUMMARY
For Sale; Currently Fully leased, investment property, Listed for Sale @ $830,000. A professional retail property with offices located on Route 53 in Norwell. The charming, historic building in recent years has seen many improvements including a new roof, full exterior paint, landscaping, new boiler, new 14 KW Generac generator and more. For many years the property was a Tile and Kitchen design center. Additional exterior space on the lot for possible expansion. Buyers to perform all due diligence with the town.
Excellent visibility and access. Ample private parking lot for co-workers and/or customers. Tenant pays all utilities. Plenty of storage and individual offices upstairs. 950sf unfinished basement. Contact the listing agent with questions or to schedule a showing.
Excellent visibility and access. Ample private parking lot for co-workers and/or customers. Tenant pays all utilities. Plenty of storage and individual offices upstairs. 950sf unfinished basement. Contact the listing agent with questions or to schedule a showing.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,546 SF
Building Class
B
Year Built
1800
Price
$830,000
Price Per SF
$326.00
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Lot Size
0.90 AC
Zoning
Business - Business zoning for Retail or Office building space.
Parking
18 Spaces (6.95 Spaces per 1,000 SF Leased)
Frontage
120’ on Washington Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NORW-000020-000000-000020 | Total Assessment | $783,700 |
| Land Assessment | $425,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $358,200 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
NORW-000020-000000-000020
Land Assessment
$425,500
Improvements Assessment
$358,200
Total Assessment
$783,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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159 Washington St
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