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$ 2,500,000
Est. payment /mo
Active
162 Warren Ave Brockton, MA 02301
16,576 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,576 sqft
Price per Sqft $150
MLS Listing ID 73512302
HOA Y/N false
Year Built 1890
Annual Tax Amount $17,596
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Description
162 Warren Avenue is a fully licensed 36-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12,432 SF building generates $403,476 in gross annual income from diversified sources including room rents, laundry, vending, ATM, and storage. With operating expenses of $186,280, the property produces a net operating income of $217,196, delivering a 8.69 % cap rate at the $2,500,000 asking price. Situated on a 0.17-acre parcel zoned C2 Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its prime location places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized income-producing asset with future upside.
Location
State MA
County Plymouth
Zoning C2
Direction Use GPS
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Others
Senior Community false
Listed by eXp Realty