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    191 Main St

    Wareham, MA 02571
    • $3,100,000
    • STATUS: Active
    • MLS #: 72793296
    UPDATED: 9 min ago
    $3,100,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1954
    County:

    School Ratings & Info

    Listing courtesy of Jim Eacobacci of Brit Realty.

    Description

    3-Property Portfolio: Primary structure is 3-Story Masonry with full Finished Lower Level, Mixed Use includes Residential, Office, Retail and small-storage. Secondary Structure is 4-Family Wood-Frame. Third Structure is Brick/Masonry, sprinklered Two-Story with potential for Office, Residential or Retail Uses. 1st and 2nd buildings are fully Occupied/Rented. 3rd building was formerly the town's public Library and has been used by current owner in various capacities, currently used as storage. NOI from 2-buildings carry all three and yield (+/-) 9% Capitalization Rate. Additional upside in higher/better use of building 3, also the properties lie in the Wareham Economic Redevelopment District; with potential re-development options.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-05-07T16:08:53.997.
    www.massreo.org/homes/114760948
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    191 Main St Wareham, MA 02571

    • Price: $3,100,000
    • Status: Active
    • Updated: 9 min ago
    • MLS #: 72793296
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1954
    Built
    Neighborhood:
    Wareham Center
    County:
    Plymouth
    Area:
    Wareham Center
    Property Description
    3-Property Portfolio: Primary structure is 3-Story Masonry with full Finished Lower Level, Mixed Use includes Residential, Office, Retail and small-storage. Secondary Structure is 4-Family Wood-Frame. Third Structure is Brick/Masonry, sprinklered Two-Story with potential for Office, Residential or Retail Uses. 1st and 2nd buildings are fully Occupied/Rented. 3rd building was formerly the town's public Library and has been used by current owner in various capacities, currently used as storage. NOI from 2-buildings carry all three and yield (+/-) 9% Capitalization Rate. Additional upside in higher/better use of building 3, also the properties lie in the Wareham Economic Redevelopment District; with potential re-development options.
    Exterior Features

    Construction BrickStone/ConcreteFrameMasonSteel Driving Doors 0 Frontage 200.00 Loading Docks 0 Location DowntownHighway AccessPublic Transportation Parking Features OpenStreet11-20 SpacesImproved DrivewayOff SiteOn SiteShared Parking Spaces 20 Railroad Siding No Roof Material MembraneShingleAsphalt/Composition ShinglesRubber Site Condition Dry Stories 3 Underground Tank No

    Interior Features

    Elevator Yes Maf Building Sq Ft 0.00 Ref Building Sq Ft 8000.00 Rsf Building Sq Ft 8000.00 Sprinklers Yes Waf Building Sq Ft 8000.00

    Property Features

    Assessed Value Building 1587700.00 Assessed Value Land 231000.00 Assessed Value Total 1818700.00 Commercial Industrial Type Office Disclosure No Disclosures Former Library Building Has Deed Restriction On Any Medical Use That Would Compete With Tobey Hospital Dividable Yes Easements No Exchange No Expandable Yes Gross Annual Expense 93000.00 Gross Annual Income 354000.00 Handicap Access Yes Lease Yes Lease Type GrossOther (See Remarks) Lender Owned No Lien And Encumbent No Lot 1137 Mau Units 0 Net Operating Income 261000.00 Ofu Units 10 On File21 E No Plat Plan Yes Reu Units 8 Rsu Units 12 Short Sale Lender App Required No Space Available For Sale Subdividable Yes Sublet No Survey No Tax Year 2021 Taxes 16219.00 Utilities Public WaterPublic SewerNatural Gas440 VoltsFiber Optic Wau Units 20 Year Built Source Pr Zone Description Legal Conforming Zoning Wv-1

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Jim Eacobacci of Brit Realty.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-05-07T16:08:53.997.
     
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    Listing courtesy of Jim Eacobacci of Brit Realty.