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533 Washington St 7,302 SF 100% Leased Retail Building Abington, MA 02351 For Sale
Executive Summary
Request for Proposal - Redevelopment Opportunity
Santander Bank, with the assistance of real estate advisor, Colliers, is soliciting development proposals from interested qualified firms (“Developer”), through this Request for Proposals (“RFP”), for the acquisition and development and a sale lease back on a portion of 533 Washington Street (“the Property”) to accommodate a stand-alone Santander Bank Branch building.
The Property consists of two buildings; a Bank Branch and stand-alone drive through ATM. The total existing buildout of the site is approximately 11,872 SF across the two buildings. The buildout of the site is oriented toward Washington Street, which provides vehicular access. In terms of zoning, it is surrounded by Central Business District on one side and Medium Density Residential (30,000 sq. ft.) on the other sides.
Santander Bank, with the assistance of real estate advisor, Colliers, is soliciting development proposals from interested qualified firms (“Developer”), through this Request for Proposals (“RFP”), for the acquisition and development and a sale lease back on a portion of 533 Washington Street (“the Property”) to accommodate a stand-alone Santander Bank Branch building.
The Property consists of two buildings; a Bank Branch and stand-alone drive through ATM. The total existing buildout of the site is approximately 11,872 SF across the two buildings. The buildout of the site is oriented toward Washington Street, which provides vehicular access. In terms of zoning, it is surrounded by Central Business District on one side and Medium Density Residential (30,000 sq. ft.) on the other sides.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
7,302 SF
Building Class
C
Year Built
1929
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
2.64 AC
Fairly walkable
40/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | ABIN-000023-000000-000192 | Improvements Assessment | $3,095,233 CAD |
| Land Assessment | $948,846 CAD | Total Assessment | $4,044,078 CAD |
Property Taxes
Parcel Number
ABIN-000023-000000-000192
Land Assessment
$948,846 CAD
Improvements Assessment
$3,095,233 CAD
Total Assessment
$4,044,078 CAD
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