Mixed-Use Live-Work Office
For Sale
$750,000
120 High St, Taunton, MA 02780
Turnkey mixed-use building with multiple offices and rooms, previously used as an insurance business.
Property Size5,745 SF
Price / SF$130.55
Days on Market184
Property Features for 120 High St
General Information
Standard status
Active
Size
5,745 SF
Property subtype
Commercial
Zoning
OFFDIS
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,799
Building Details
Year Built
1900
Listing Agency:
Kelly Lewis Realty
(508) 823-6184
Listed By:
Kelly Lewis · License #453500109
(508) 942-1044
Source:
Churchillprop
Added: Apr 20
Changed: Oct 15
Last Checked: Oct 20 at 5:21PM
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
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Investment Insights
Based on property information with market context.
This mixed-use live-work office building is described as turnkey and previously utilized as an insurance business. The space features multiple offices and rooms and includes the flexibility of both commercial and residential use, supported by its mixed-use configuration.
The property is positioned just steps from the Taunton Green, courthouse, restaurants, and local shops, and offers access to Route 44 and Route 24 for convenient travel.
Per the remarks, it is located in an Office District where office use is primarily described as residential and commercial. The property also notes that, with a special permit, it could be used as a sober house.
The property is positioned just steps from the Taunton Green, courthouse, restaurants, and local shops, and offers access to Route 44 and Route 24 for convenient travel.
Per the remarks, it is located in an Office District where office use is primarily described as residential and commercial. The property also notes that, with a special permit, it could be used as a sober house.
Key Highlights
- Mixed‑use building in Taunton previously used as an insurance business
- Approx. 5,745 sq ft with multiple offices and rooms for multi‑use occupancy
- Easy access to Route 44 and Route 24 for convenient travel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,863
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,260
$1.4M
Cap Rate 7%
$969,471
$969.5K
Cap Rate 9%
$754,033
$754.0K
Market Conditions
NOI Build-Up for 5,745 SF
Gross rent
$120.6K $21.00/SF
− Vacancy
−$12.1K −$2.10/SF
EGI
$108.6K $18.90/SF
− OpEx
−$40.7K −$7.09/SF
NOI
$67.9K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,260
Cap Rate 7%
$969,471
Cap Rate 9%
$754,033
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,428 @ 7.0% cap · market cap 12.59%
Second Best
Mixed Use
$969.5K
$848.3K – $1.13M
NOI $67,863 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,902 @ 7.0% cap · market cap 32.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Turnkey mixed-use building with multiple offices and rooms, previously used as an insurance business.
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 $750,000.
What are key features of this property?
This property features: Mixed‑use building in Taunton previously used as an insurance business; Approx. 5,745 sq ft with multiple offices and rooms for multi‑use occupancy; Easy access to Route 44 and Route 24 for convenient travel
