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Holliston Commons 461-465 Washington St 6,650 SF 100% Leased Retail Building Holliston, MA 01746 $2,750,000 ($413.53/SF)
INVESTMENT HIGHLIGHTS
- Prime Route 16 location with high traffic
- 6,650 SF on 0.55-acre lot
- 7-unit shopping plaza, 5 long-term tenants
EXECUTIVE SUMMARY
Established shopping plaza in a great location on Route 16 enjoying heavy foot and vehicular traffic, ideal for a 1031 exchange or portfolio expansion. Of the 7 units, 5 have long-term tenants providing consistent rental income, all on NNN. 3 units are in one large plaza (currently all are restaurants), there are two standalone buildings housing one unit each and another small plaza with 2 units (both of which are vacant, offering immediate value-add potential). Various parking areas service all units, including some disabled parking spots. this property deserves your attention.
Plaza is on two separate septic systems, awaiting Title V inspection.
Plaza is on two separate septic systems, awaiting Title V inspection.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,650 SF
Building Class
C
Year Built
1967
Price
$2,750,000
Price Per SF
$413.53
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.53 AC
Zoning
ID, Holliston
Parking
12 Spaces (5.49 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | HOLL-000011G-000002-000410 | Improvements Assessment | $86,300 |
| Land Assessment | $442,200 | Total Assessment | $528,500 |
PROPERTY TAXES
Parcel Number
HOLL-000011G-000002-000410
Land Assessment
$442,200
Improvements Assessment
$86,300
Total Assessment
$528,500
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Holliston Commons | 461-465 Washington St
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