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1596 Gar Highway Swansea MA 02777 | 73126213

Five units, A car dealership license for 25 vehicles, for sales of automobiles, autos, trucks on a lot of 21,780 sq ft with 188 foot frontage on busy route 6, with a 270 sq. ft. sales office.and a half bath. There are two single family homes, a 3 bedroom, 1.5 bath, 1,595 sq ft Colonial and a 2 bedroom, 1 bath, 966 sq ft Ranch with a patio. There’s also a 30 x 40 ft garage with two rent-able bays, each with a car lift. See attached for the plot plan and projected income and expenses. Currently all five units are owner occupied and used by the two brother owners. Route 6 has experienced many new developments in the last few years and traffic is increasing. 15 minutes from Providence or Fall River, 25 minutes to Boston. This property is close to route 24, route 195 and the Swansea Mall which is being redeveloped. Ernie Boch Jr recently bought Pleasure Island in Swansea. GAR Highway (Route 6) in Swansea is becoming the new AUTO MILE times 2 (It’s 2 miles long). A 1031 exchange is ok.

Property Details

Price:
$999,900
MLS #:
73126213
Status:
Active
Beds:
0
Baths:
3
Address:
1596 Gar Highway
Type:
Commercial
City:
Swansea
Listed Date:
Jun 17, 2023
State:
MA
Finished Sq Ft:
4,331
ZIP:
02777
Subdivision:
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1930

Schools

Interior

Exterior

Roof
Shingle

Financial

Buyer Agent Compensation
2.5%
Net Operating Income
$92,435
Tax Year
2023
Taxes
$5,733

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1596 Gar Highway
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