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.
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- C2
- Orig Price:
- $2,500,000
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Brockton
- State:
- MA
- County:
- Plymouth
- Postal Code:
- 02301
- Longitude:
- W72° 58' 38.2''
- Latitude:
- N42° 4' 57.3''
Commercial Sale
162 Warren Ave, Brockton, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,500,000
- Square Footage :
- 16,576 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.17 Acre
- Listing ID :
- 73512302
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com