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529 Old County Rd 2,040 SF Specialty Building Offered at $299,900 at a 4.24% Cap Rate in Westport, MA 02790
INVESTMENT HIGHLIGHTS
- Standalone building
- Stable tenant
EXECUTIVE SUMMARY
Excellent standalone building with a long-term lease with USPS. This building has gone through multiple major updates, including a new roof, new gutters, new paint, all new Harvey windows, new doors, new sills, composite trim, and repointing work done on the chimney. The USPS has a lease until 2030 with options to extend a higher rate until 2040.The lessor is responsible for exterior structure maintenance and insurance; the lessee reimburses for taxes, pays utilities, and is responsible for snow removal and landscaping. Please visit the property during business hours and confirm your appointment with the listing agent.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $299,900 | Building Class | C |
| Price Per SF | $147.01 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 2,040 SF |
| Cap Rate | 4.24% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1956 |
| Property Type | Specialty | Parking Ratio | 2.94/1,000 SF |
| Property Subtype | Post Office | ||
| Zoning | R1 - Residential | ||
| Price | $299,900 |
| Price Per SF | $147.01 |
| Sale Type | Investment |
| Cap Rate | 4.24% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,040 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | R1 - Residential |
AMENITIES
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | WPOR-000039-000000-000007 | Improvements Assessment | $123,000 (2025) |
| Land Assessment | $189,600 (2025) | Total Assessment | $312,600 (2025) |
PROPERTY TAXES
Parcel Number
WPOR-000039-000000-000007
Land Assessment
$189,600 (2025)
Improvements Assessment
$123,000 (2025)
Total Assessment
$312,600 (2025)
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529 Old County Rd
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