692 High St
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692 High St
3,828 SF Retail Building Westwood, MA 02090 $2,399,000 ($627/SF) 6.76% Cap Rate
Investment Highlights
- Prime Corner High-Visiblity Location - premier corner in Town Center
- Renovated Building with two stories of retail/office space
- Free-Standing building with excellent parking and access
- 10,000+ sf lot can provide excellent development opportunities (no repressentations made)
Executive Summary
Coming to market for the first time is one of Westwood's premier properties, located at highly visible 692 High Street. This offering represents an opportunity to purchase one of the most desirable corner lots in Westwood's town center. This is an ideal location with excellent off-street parking and easy access to I-95/Rt-128.
The listing includes a two-story brick building containing 3,828 square feet of retail office space with a large basement. In addition, the the building is sited on a rare 10,000+ square foot lot. The property is surrounded by local and national tenants, as well as, some of the area's most luxurious homes.
The property is currently NNN leased to a national tenant until at least September 2025, offering a great opportunity for in-place strong returns while positioning the property for future use or development.
Ideal location with excellent off-street parking, a large storage basement, and easy access to I-95/Rt-128.
The listing includes a two-story brick building containing 3,828 square feet of retail office space with a large basement. In addition, the the building is sited on a rare 10,000+ square foot lot. The property is surrounded by local and national tenants, as well as, some of the area's most luxurious homes.
The property is currently NNN leased to a national tenant until at least September 2025, offering a great opportunity for in-place strong returns while positioning the property for future use or development.
Ideal location with excellent off-street parking, a large storage basement, and easy access to I-95/Rt-128.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,828 SF
Building Class
C
Year Built
1965
Price
$2,399,000
Price Per SF
$627
Cap Rate
6.76%
NOI
$162,067
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Land Acres
0.24 AC
Zoning
OB - Office Bldg. - General
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | WWOO-000014-000000-000127 | Improvements Assessment | $260,900 |
| Land Assessment | $485,900 | Total Assessment | $746,800 |
PROPERTY TAXES
Parcel Number
WWOO-000014-000000-000127
Land Assessment
$485,900
Improvements Assessment
$260,900
Total Assessment
$746,800
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692 High St
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