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306 Washington Street, Norwell

$2,200,000

306 Washington St, Norwell, MA 02061-1704

Active
Last Updated: 04/01/2025

5.53

Cap Rate

121,596.362

NOI

Details:
Cap Rate:    5.53%
NOI:    $121,596.36
Building Size:    11,307 sqft
Lot Area:    1.63 acres
Class:    B
Occupancy:    100%
Units:    5
Year Built:    1985
Floors:    2
Highlights:
  • Outstanding visibility and signage
  • Well maintained asset - no deferred maintenance
  • Mix of office, medical, and retail tenants - highly recession resistant mix
  • Ideal owner-occupant opportunity with ability to scale business over time
Description:

Prominently located free-standing office building on Route 53 in Norwell available for sale. Building is currently 100% occupied with stable long term tenants making this an excellent investment opportunity in a supply constrained market. For owner-occupants, up to 3400 square feet can be immediately made available. Building offers outstanding presence with an oversized pylon sign which sees more than 12,000 vehicle per day traffic counts. Ample parking ratio of over 4.5 spaces per 1000 square feet.

306 Washington St, Norwell

Map:
1 Space Available

Suite 202 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
2,650
Lease Rate:
$0/sqft/yr

Now available at 306 Washington Street in Norwell, 2150 square feet of second floor office space. This conveniently located professional office building has outstanding visibility and pylon signage on Route 53. Available suite has been occupied by an attorney group and is perfect for another attorney, financial advisers, or other professional services providers with easy availability to convert to a medical use for the right long term tenant. Space has great detail throughout including crown moldings, over-sized offices, and great natural light. Dedicated parking available. Suite has two private bathrooms. Potential to divide suite down to roughly 1000 square feet.

Documents:
Title
Lease Brochure
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Sale_Brochure.pdf
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Location
Gallery