1901 County St Dighton, MA SOLD
$2,450,000
Square Feet 22,291
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Sold By
Gerard Martel, Goodrow Realty Group
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
Listed by Resendes & Associates, Steven Resendes
Sold by Goodrow Realty Group, Gerard Martel
Details
MLS 73253346
Status Closed
Price $2,450,000
DOM 129 days
Type Commercial
Square Feet 22,291 sqft
Year Built 1983
Lot & Building Features
Tax Year 2024
Taxes Paid $25,161
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Financing
$
6.75%
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$
per month
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.