2 South St 9,633 SF 63% Leased Office Building Grafton, MA 01519 $2,371,905 CAD ($246.23 CAD/SF) 3.11% Cap Rate



EXECUTIVE SUMMARY
Iconic 2 South Street in the heart of Grafton, Massachusetts, is a magnificent Victorian building located in the Neighborhood Business District. It’s currently being utilized as individual office spaces, blending historic charm with functionality. The front entrance welcomes visitors with glorious custom woodwork, leading into a spacious foyer with a built-in reception area, a custom fireplace, and stunning wooden beams in the ceiling. The first floor features five potential office suites, one of which is currently used as a flexible conference space and another as a communal game room. Additionally, there’s a common kitchen and bathroom. Ascend the elegant staircase to the second floor, where four more suites await, each exuding individual charm, along with two bathrooms and a waiting area. The third floor offers three additional suites. The heating and air conditioning systems have been updated for comfort. An additional 1,800-square-foot dwelling awaits, offering endless potential!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,633 SF
Building Class
C
Year Built
1886
Price
$2,371,905 CAD
Price Per SF
$246.23 CAD
Cap Rate
3.11%
NOI
$73,673 CAD
Percent Leased
63%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,853 SF
Slab To Slab
9’
Building FAR
0.32
Lot Size
0.69 AC
Zoning
R4, Grafton
Parking
20 Spaces (2.08 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Property Manager on Site
- Security System
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 500 SF
- Office
- -
- Now
- 1st Fl-Ste 1
- 800 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 7
- 500 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 8
- 600 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 8a
- 1,200 SF
- Office
- Full Build-Out
- Now
Space | Size | Space Use | Condition | Available |
1st Floor | 500 SF | Office | - | Now |
1st Fl-Ste 1 | 800 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 7 | 500 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 8 | 600 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 8a | 1,200 SF | Office | Full Build-Out | Now |
1st Floor
Size |
500 SF |
Space Use |
Office |
Condition |
- |
Available |
Now |
1st Fl-Ste 1
Size |
800 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
2nd Fl-Ste 7
Size |
500 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
2nd Fl-Ste 8
Size |
600 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
2nd Fl-Ste 8a
Size |
1,200 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
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PROPERTY TAXES
Parcel Number | GRAF-000074-000000-000160 | Improvements Assessment | $1,612,013 CAD |
Land Assessment | $305,994 CAD | Total Assessment | $1,918,007 CAD |