$2,450,000
$2,900,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
22,291 SqFt
SOLD DATE : 10/24/2024
Key Details
Sold Price $2,450,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 22,291 sqft
Price per Sqft $109
MLS Listing ID 73253346
Sold Date 10/24/24
HOA Y/N false
Year Built 1983
Annual Tax Amount $25,161
Tax Year 2024
Property Description
***APPROVED FOR 16 APARTMENTS (MARKET RATE) ON 2ND FLOOR!! Welcome to "DIGHTON CENTRE" strip mall...The details of this beautifully remodeled, and meticulously maintained property becomes evident immediately upon entering the parking lot. 1st floor consists of 10 units. 9 of the 10 units are occupied (only vacant unit is owners unit). Long term tenants. Additional income from billboard. The septic system has a design flow of 4,150 GPD. A "Special Permit" to construct 16 apartments on the 2nd floor has been granted by the Dighton Planning Board. Nice elevator leads to 2nd floor lobby. This property could easily achieve a 10%, or more, cap rate with build out of 2nd floor for apartments or commercial space. 2nd floor lobby and hallway leading to 6 apartments or 6-12 commercial units recently completed. The right side of the 2nd floor can be framed out for apartments or commercial space using the modular wall units included with sale. Or leave it wide open for a larger commercial entity
Location
State MA
County Bristol
Zoning Business
Direction Rt 138 near Somerset Ave merger
Exterior
Waterfront false
Total Parking Spaces 120
Others
Senior Community false
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Bought with Gerard Martel • Goodrow Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "