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Downtown Plymouth Mixed-Use Opportunity

46 Main Street Plymouth Plymouth, MA 02360

Claim this Listing
For Sale
$3,500,000

Mixed-use property in downtown Plymouth with income and expansion potential.

Property size:
17,750 SF
Price / SF:
$197.18/SF
Added:
May 16, 2026
Days on Market:
60
Last Refresh:
Jun 30 at 4:27 am

Property Features for 46 Main Street Plymouth

General Information

Standard status
Active
Size
17,750 SF

Building Details

Year Built
1930

Listing office

Listing date May 16, 2026

Source Milestonerealtyinc

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 Crystal Silva


Investment Insights

Based on property information with market context.

This mixed-use property is located in downtown Plymouth, in the heart of Main Street. The property is situated in an area with high foot traffic and is surrounded by restaurants and shops. The property is currently income-producing with three established commercial leases in place, including a wine bar, cocktail bar, and axe throwing venue. Approximately 6,000 square feet of open second-level space remains unoccupied and has been approved for six residential units, presenting a value-add opportunity. With approximately 45 feet of frontage on both Main Street and School Street, this downtown asset offers flexibility for expansion and the potential to increase future income in a high-demand location. The property size is 17,750 square feet.

Key Highlights

  • Prime downtown Plymouth location with high foot traffic
  • Approved for six residential units on the unoccupied second level, offering significant value‑add potential
  • Currently income‑producing with three established commercial leases

Local Financial Insights For Retail

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 $426.0k $24.00
− Vacancy −$9.4k −$0.53
EGI $416.6k $23.47
− OpEx −$125.0k −$7.04
NOI $291.6k $16.43
17,750 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$4.17M
$3.65M – $4.86M (±1% cap)
NOI $291,640 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$3.95M
$3.46M – $4.61M (±1% cap)
NOI $276,474 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$10.51M
$9.19M – $12.26M (±1% cap)
NOI $735,555 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Plumbing Service Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Home Appliance Store Butcher (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Mixed-use property in downtown Plymouth with income and expansion potential.
Where is this mixed-use property located?
The property is located at 46 Main Street Plymouth Plymouth, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime downtown Plymouth location with high foot traffic; Approved for six residential units on the unoccupied second level, offering significant value‑add potential; Currently income‑producing with three established commercial leases
Contact an agent
More about this property
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