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$ 850,000
Est. payment | /mo
10,780 SqFt
$ 850,000
Est. payment | /mo
10,780 SqFt
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 10,780 sqft
Price per Sqft $78
MLS Listing ID 73576800
HOA Y/N false
Year Built 1900
Annual Tax Amount $11,073
Tax Year 2025
Lot Size 1.040 Acres
Acres 1.04
Property Description
is pleased to offer 184 Orne St - A Value-add multi-tenant industrial investment on the I-95 corridor between Boston and Providence. This 10,780 SF building is fully leased to three tenants — Encore Technical Trading and Elite Boxing & Fitness anchor the property, plus a contractor bay — under NNN leases where tenants reimburse taxes and CAM. Built in 1900, zoned IC-30 (Special Industrial & Commercial), supporting light manufacturing, contractor/trade, warehouse/distribution, R&D, fitness, and other flexible uses. All three leases roll within a typical hold period, offering clear mark-to-market upside: in-place NOI of $53,269 (6.27% cap at $850,000 asking) grows the pro forma NOI of $81,998 as below-market rents ($4.59–$10.66/SF) reach achievable market rents ($7.50–$11.63/SF). Less than a mile from Route 1 and roughly two miles from I-95, with easy access to I-295 and Route 152/120. North Attleboro is one of southern Massachusetts' strongest industrial-flex submarkets — deep tenant base, high retention, limited new supply — and sits equidistant between Providence (~15 mi) and Boston (~35 mi). A rare chance to acquire cash-flowing industrial real estate with a near-term path to increased income and value. Contact listing agent for financials, rent roll, and full offering memorandum.
Location
State MA
County Bristol
Zoning IC3
Direction USE GPS
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Metal,Rubber
Others
Senior Community false
Listed by Coldwell Banker Realty - Waltham