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Mixed-Use

79 Summer Street

79 Summer St, Kingston, MA 02364

Listing Price: $2,353,000

Cap Rate
8.65%
Number of Units
8
Occupancy
84.0%
Price/Unit
$294,125
Price/Gross SF
$225.06
Gross SF
10,455

Investment Overview

Marcus & Millichap is pleased to present the exceptional mixed-use investment
opportunity located at 65-79 Summer Street in Kingston, Massachusetts. The
property is a well-positioned, two-story, mixed-use asset offering approximately
10,500 square feet on a 1.0-acre lot. The ground floor is occupied by five retail
service tenants, the majority of which are e-commerce-resistant users, including
a hair salon, nail salon, restaurant and brewery. This desirable tenant mix, paired
with a traffic count of over 12,000 vehicles per day, generates reliable street-level
foot traffic and day-to-day customer visits. The second floor contains three
apartments, two of which were recently renovated with kitchen updates, new
flooring, and appliances. As a result, the asset produces strong, diversified cash
flow today while providing clear value-add upside through modest rent growth
and operational optimization. Additionally, recent capital improvements reduce
near-term capital needs and improve tenant retention. Combining strong retail
visibility, steady residential occupancy, and minimal near-term capital
requirements, this property presents an ideal balance of stability and growth for
investors seeking durable returns in a thriving South Shore market.

Investment Highlights

  • E-Commerce Resistant Tenant Mix: Retail Tenants Are Predominantly Service Food Operators That Generate Recurring Local Demand
  • Two Revenue Streams: Five Retail Storefronts Plus Three Upstairs Apartments Provide Diversified, Complementary Cash Flow
  • Recent Capital Improvements: Two of Three Apartments Are Fully Renovated with New Kitchens, Floors, and Appliances
  • Value-Add Rent Upside: Current Cash Flow Is Strong, With Identifiable Opportunities to Increase Rents and Improve Net Operating Income
  • Trade Area Fundamentals & Visibility: Located on State Route 3A With Nearby Retail Centers That Help Sustain Customer Traffic
  • Potential for Value-Add by Adding Additional Apartments Above Ground Floor Retail

Exclusively Listed By

Financing By

Mixed-Use

79 Summer Street

Listing Price: $2,353,000

Cap Rate
8.65%
Number of Units
8
Occupancy
84.0%
Price/Unit
$294,125
Price/Gross SF
$225.06
Gross SF
10,455

Investment Highlights

  • E-Commerce Resistant Tenant Mix: Retail Tenants Are Predominantly Service Food Operators That Generate Recurring Local Demand
  • Two Revenue Streams: Five Retail Storefronts Plus Three Upstairs Apartments Provide Diversified, Complementary Cash Flow
  • Recent Capital Improvements: Two of Three Apartments Are Fully Renovated with New Kitchens, Floors, and Appliances
  • Value-Add Rent Upside: Current Cash Flow Is Strong, With Identifiable Opportunities to Increase Rents and Improve Net Operating Income
  • Trade Area Fundamentals & Visibility: Located on State Route 3A With Nearby Retail Centers That Help Sustain Customer Traffic
  • Potential for Value-Add by Adding Additional Apartments Above Ground Floor Retail

Investment Overview

Marcus & Millichap is pleased to present the exceptional mixed-use investment opportunity located at 65-79 Summer Street in Kingston, Massachusetts. The property is a well-positioned, two-story, mixed-use asset offering approximately 10,500 square feet on a 1.0-acre lot. The ground floor is occupied by five retail service tenants, the majority of which are e-commerce-resistant users, including a hair salon, nail salon, restaurant and brewery. This desirable tenant mix, paired with a traffic count of over 12,000 vehicles per day, generates reliable street-level foot traffic and day-to-day customer visits. The second floor contains three apartments, two of which were recently renovated with kitchen updates, new flooring, and appliances. As a result, the asset produces strong, diversified cash flow today while providing clear value-add upside through modest rent growth and operational optimization. Additionally, recent capital improvements reduce near-term capital needs and improve tenant retention. Combining strong retail visibility, steady residential occupancy, and minimal near-term capital requirements, this property presents an ideal balance of stability and growth for investors seeking durable returns in a thriving South Shore market.

Exclusively Listed By

Financing By

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