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    354 Turnpike St

    Canton, MA 02021
    • $2,600,000
    • STATUS: Active
    • MLS #: 72742316
    UPDATED: 17 min ago
    $2,600,000
    • 0
      BEDS
    • 2.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Jing Team of Compass.

    Description

    354 Turnpike Street is an office building that contains 20,100 square feet office space with 2.5 acres land. A three-story 100% office building. The first and second floors are leased, with stable annual income of $181,200, generates $91,583 net income; and the third floor will be ideal for owner occupy or rented for approximately $8,500 per month, bring the annual income over $280,000, which would yield a cap rate of above 7%. The building is in good condition:18 brand new central air-conditioning system, building exterior wall was renovated in 2019, well-maintained interior.An additional piece of land belong to this property that can be leased or developed into commercial real estate after obtaining municipal permits.Located 2 miles to the Route 128/138 interchange, with close proximity to Canton Center. Signage is available on Route 138, with high visibility to over 23,880 cars per day. Parking lot space just rented out, bring extra income $20,400/year.

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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 2020-12-03T08:07:21.487.
    www.revolvrealestate.com/homes/110975560
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    354 Turnpike St Canton, MA 02021

    • Price: $2,600,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 72742316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.5
    Acres
    1985
    Built
    Neighborhood:
    Other
    County:
    Norfolk
    Area:
    Other
    Property Description
    354 Turnpike Street is an office building that contains 20,100 square feet office space with 2.5 acres land. A three-story 100% office building. The first and second floors are leased, with stable annual income of $181,200, generates $91,583 net income; and the third floor will be ideal for owner occupy or rented for approximately $8,500 per month, bring the annual income over $280,000, which would yield a cap rate of above 7%. The building is in good condition:18 brand new central air-conditioning system, building exterior wall was renovated in 2019, well-maintained interior.An additional piece of land belong to this property that can be leased or developed into commercial real estate after obtaining municipal permits.Located 2 miles to the Route 128/138 interchange, with close proximity to Canton Center. Signage is available on Route 138, with high visibility to over 23,880 cars per day. Parking lot space just rented out, bring extra income $20,400/year.
    Exterior Features

    Location Highway Access Parking Spaces 30 Stories 3

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Restrooms 6 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 1477800.00 Assessed Value Land 351100.00 Assessed Value Total 1838800.00 Commercial Industrial Type Office Disclosure No Exchange No Gross Annual Expense 89617.00 Gross Annual Income 181200.00 Lease Yes Lender Owned Undisclosed Mau Units 0 Net Operating Income 91583.00 Ofu Units 2 On File21 E Yes Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale/Lease Sublet No Tax Year 2020 Taxes 46742.00 Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Office

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Jing Team of Compass.


    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 2020-12-03T08:07:21.487.
     
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    Listing courtesy of Jing Team of Compass.