Mixed-Use Office and Residential
120 High St Taunton, MA 02780
120 High St, Taunton, MA, 02780
$1,200,000
For Sale
$1,200,000
Turnkey mixed-use property with multiple offices and rooms, previously used as an insurance business, with nearby courthouse and Taunton Green.
Property Size5,745 SF
Price / SF$208.88
Days on Market90
Property Features for 120 High St
General Information
- Standard status
- Active
- Size
- 5,745 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Kelly Lewis Realty
(508) 942-1044
Listed by
Kelly Lewis · License #453500109
(508) 942-1044
Source
Aucoinryanrealty
Added: Apr 23 Updated: Jul 20 at 5:55PM Checked: Jul 20 at 5:55PM
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 Kelly Lewis Realty
Investment Insights
Based on property information with market context.
This turnkey mixed-use property was previously utilized as an insurance business and is arranged with multiple offices and rooms, offering flexibility for business use and residential space. The layout supports multi-use occupancy, with space configured for office operations alongside residential functionality.
The building is positioned in a highly visible, high-activity area of Taunton, just steps from the Taunton Green, courthouse, restaurants, and local shops. Easy access to Route 44 and Route 24 supports convenient arrival for clients, customers, and residents.
Overall, the property’s office and residential mix, along with its existing internal room configuration, provides a practical foundation for an owner-operator or a tenant seeking a campus-style setup in a central location.
The building is positioned in a highly visible, high-activity area of Taunton, just steps from the Taunton Green, courthouse, restaurants, and local shops. Easy access to Route 44 and Route 24 supports convenient arrival for clients, customers, and residents.
Overall, the property’s office and residential mix, along with its existing internal room configuration, provides a practical foundation for an owner-operator or a tenant seeking a campus-style setup in a central location.
Key Highlights
- Mixed‑use building with multiple offices and rooms, previously used as an insurance business
- Approximately 5,745 sq ft of space suitable for multi‑use occupancy (office and residential)
- Year built: 1900
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.1k | $32.40 |
| − Vacancy | −$12.7k | −$2.20 |
| EGI | $173.5k | $30.20 |
| − OpEx | −$78.1k | −$13.59 |
| NOI | $95.4k | $16.61 |
5,745 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,414 @ 7.0% cap · market cap 7.95%
Second Best
Office B
$1.35M
$1.18M – $1.57M
NOI $94,428 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,902 @ 7.0% cap · market cap 20.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
World Insurance Associates ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Turnkey mixed-use property with multiple offices and rooms, previously used as an insurance business, with nearby courthouse and Taunton Green.
Where is this live-work space located?
The property is located at 120 High St Taunton, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Mixed‑use building with multiple offices and rooms, previously used as an insurance business; Approximately 5,745 sq ft of space suitable for multi‑use occupancy (office and residential); Year built: 1900
