Building Details

Building Size 8,352 SF

Year Built 1960

Listing Agency: Unicorn Realty

Listed By: Denece McGann Clinton · License #455012783 Show Phone

Source: Classifiedrealtygroup

Added: Aug 18 Changed: Sep 27 Last Checked: Oct 4 at 7:02AM

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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 Unicorn Realty

Investment Insights

Based on property information with market context.

This mixed-use property includes an existing pizza shop and convenience store with direct Main Street frontage. The corner-lot layout also provides rear warehouse units and additional parking, supported by three curb cuts for access.

The property is located steps from the Hanson MBTA Commuter Rail Station. Its business zoning permits residential and commercial uses within the MBTA Communities Overlay District, identified as MCMOD. A Wine and Beer License and Lottery sales License are available. Built in 1960, the property includes a combination of retail, food-service, warehouse, and parking components.

Key Highlights

• Existing pizza shop and convenience store
• Direct frontage on Main Street
• Three curb cuts provide access to rear warehouse units and additional parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$103,899

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,077,980 $2.1M

Cap Rate 7%

$1,484,271 $1.5M

Cap Rate 9%

$1,154,433 $1.2M

Market Conditions

NOI Build-Up for 8,352 SF

Gross rent

$133.3K $15.96/SF

− Vacancy

−$11.1K −$1.32/SF

EGI

$122.2K $14.64/SF

− OpEx

−$18.3K −$2.20/SF

NOI

$103.9K $12.44/SF

Area

Plymouth County, MA

Vacancy

8.30%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,077,980

Cap Rate 7%

$1,484,271

Cap Rate 9%

$1,154,433

Alternative Uses

Best Use

Specialty Retail

$2.21M

$1.93M – $2.57M (±1% cap)

NOI $154,380 @ 7.0% cap · market cap 11.88%

Second Best

Retail

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,227 @ 7.0% cap · market cap 10.56%

Theoretical Best

Office A

$4.94M

$4.33M – $5.77M (±1% cap)

NOI $346,105 @ 7.0% cap · market cap 26.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Jerico Concrete Cutting Construction Company Hanson Spiro's Pizza Restaurant Let’s Go Brandon ... Discount Store T Stop Market Grocery & Convenience Store NEW ENGLAND for TRUMP Department Store

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Real Estate Agency Auto Parts Store Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

Explore this area Business Placement

Demographics for 02341, MA

10,367

Population

4,014

Households

2.6

Avg Household Size

45

Median Age

39%

College-Educated

93%

High-School Grad

14.9 sq mi

ZIP Area

696

Density / Sq Mi

$112,457

Median Household Income

$59,200

Median Earnings

$1,912

Median Rent

$498,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner-lot property with an existing pizza shop, convenience store, rear warehouse units, and additional parking.

Where is this mixed-use property located?

The property is located at 1064 Main Hanson, MA.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Existing pizza shop and convenience store; Direct frontage on Main Street; Three curb cuts provide access to rear warehouse units and additional parking