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529 Old County Rd 2,040 sq ft Specialist Building Offered at £222,205 at a 4.24% Net Initial Yield in Westport, MA 02790
INVESTMENT HIGHLIGHTS
- Standalone building
- Stable tenant
EXECUTIVE SUMMARY
Excellent standalone building with a long-term lease with USPS. This building has gone through multiple major updates, including a new roof, new gutters, new paint, all new Harvey windows, new doors, new sills, composite trim, and repointing work done on the chimney. The USPS has a lease until 2030 with options to extend a higher rate until 2040.The lessor is responsible for exterior structure maintenance and insurance; the lessee reimburses for taxes, pays utilities, and is responsible for snow removal and landscaping. Please visit the property during business hours and confirm your appointment with the listing agent.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS Under Offer
| Price | £222,205 | Costar Property Class | C |
| Price per sq ft | £108.92 | Total Plot Size | 0.21 ac |
| Sale Type | Investment | Property Size | 2,040 sq ft |
| Yield | 4.24% | No. Floors | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1956 |
| Property Type | Specialist | Parking Allocation | 2.94/1,000 sq ft |
| Property Subtype | Post Office | ||
| Use Class | R1 - Residential | ||
| Price | £222,205 |
| Price per sq ft | £108.92 |
| Sale Type | Investment |
| Yield | 4.24% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialist |
| Property Subtype | Post Office |
| Costar Property Class | C |
| Total Plot Size | 0.21 ac |
| Property Size | 2,040 sq ft |
| No. Floors | 1 |
| Year Built | 1956 |
| Parking Allocation | 2.94/1,000 sq ft |
| Use Class | R1 - Residential |
AMENITIES
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | WPOR-000039-000000-000007 | Improvements Assessment | £91,312 (2025) |
| Land Assessment | £140,753 (2025) | Total Assessment | £232,065 (2025) |
PROPERTY TAXES
Parcel Number
WPOR-000039-000000-000007
Land Assessment
£140,753 (2025)
Improvements Assessment
£91,312 (2025)
Total Assessment
£232,065 (2025)
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529 Old County Rd
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