Mixed-Use Office-Residential
120 High Street Taunton, MA 02780
120 High Street, Taunton, MA, 02780
$1,200,000
For Sale
$1,200,000
Turnkey mixed-use building with multiple offices and rooms, previously used as an insurance business.
Property Size5,745 SF
Price / SF$208.88
Days on Market95
Property Features for 120 High Street
General Information
- Standard status
- Active
- Size
- 5,745 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Kelly Lewis Realty
Listed by
Kelly Lewis
(617) 846-8000
Source
Highlandre
Added: Apr 19 Updated: Jul 21 at 2:54AM Checked: Jul 22 at 6:49AM
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 mixed-use property was previously utilized as an insurance business and is described as turnkey for flexible occupancy. The building includes multiple offices and rooms and is approximately 5,745 square feet, supporting multi-use configurations that can combine commercial space with residential use.
The property is positioned just steps from the Taunton Green, courthouse, restaurants, and local shops. Easy access to Route 44 and Route 24 is also noted, supporting convenient travel for both clients, customers, and residents.
The offering is identified as Office District with a mix of residential and commercial uses, aligning with the building’s office layout and the potential for combined operations.
The property is positioned just steps from the Taunton Green, courthouse, restaurants, and local shops. Easy access to Route 44 and Route 24 is also noted, supporting convenient travel for both clients, customers, and residents.
The offering is identified as Office District with a mix of residential and commercial uses, aligning with the building’s office layout and the potential for combined operations.
Key Highlights
- Mixed‑use building with approximately 5,745 sq ft, previously used as an insurance business
- Year built 1900 with multiple offices and rooms for flexible commercial and residential use
- Office District mix of primarily residential and commercial space
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
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Turnkey mixed-use building with multiple offices and rooms, previously used as an insurance business.
Where is this office building located?
The property is located at 120 High Street 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 approximately 5,745 sq ft, previously used as an insurance business; Year built 1900 with multiple offices and rooms for flexible commercial and residential use; Office District mix of primarily residential and commercial space
