Retail and Multifamily Investment
For Sale
$8,200,000
Pending
1 Pleasant St #Fl 1 2 3, Cohasset, MA 02025
New construction retail and multifamily property for sale in Cohasset.
Property Size24,000 SF
Days on Market474
Property Features for 1 Pleasant St #Fl 1 2 3
General Information
Standard status
Pending
Size
24,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$46,051
Amenities
Asphalt/Composition Shingles Roof
Building Details
Year Built
2025
Listing Agency:
Coldwell Banker Realty - Lynnfield
(781) 334-5700
Listed By:
Rossetti/Poti Team
(781) 718-4662
Source:
Corcoran
Added: Jun 19, 2025
Changed: Oct 4
Last Checked: Oct 4 at 10:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Lynnfield
Investment Insights
Based on property information with market context.
This property features a 7,600-square-foot retail condominium unit on the first floor, currently under a five-year NNN lease. The building also includes 14 residential units located on the second and third floors, intended for rental. The new construction building, totaling 24,000 square feet, was completed in 2025. Certificates of occupancy have been issued, and marketing for the rental units is expected to begin by October 1, 2025. This offering includes the entire building.
Key Highlights
- Entire building for sale, featuring a retail condominium unit and 14 residential units.
- Retail unit boasts an existing 5‑year NNN lease, providing immediate income.
- New construction building completed in 2025.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$408,425
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,168,500
$8.2M
Cap Rate 7%
$5,834,643
$5.8M
Cap Rate 9%
$4,538,056
$4.5M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$599.0K $24.96/SF
− Vacancy
−$15.6K −$0.65/SF
EGI
$583.5K $24.31/SF
− OpEx
−$175.0K −$7.29/SF
NOI
$408.4K $17.02/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,168,500
Cap Rate 7%
$5,834,643
Cap Rate 9%
$4,538,056
Alternative Uses
Best Use
Retail
$5.83M
$5.11M – $6.81M
NOI $408,425 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$5.67M
$4.96M – $6.61M
NOI $396,673 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$14.21M
$12.43M – $16.58M
NOI $994,554 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 02025, MA
8,381
Population
3,300
Households
2.5
Avg Household Size
44
Median Age
72%
College-Educated
98%
High-School Grad
9.8 sq mi
ZIP Area
855
Density / Sq Mi
$187,060
Median Household Income
$92,566
Median Earnings
$1,959
Median Rent
$1,092,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - New construction retail and multifamily property for sale in Cohasset.
Where is this retail space located?
The property is located at 1 Pleasant St #Fl 1 2 3 Cohasset, MA.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: Entire building for sale, featuring a retail condominium unit and 14 residential units.; Retail unit boasts an existing 5‑year NNN lease, providing immediate income.; New construction building completed in 2025.
