1280 Main St, Hanson, MA 02341

Building Details

Building Size 1,984 SF More

Year Built 1984 More

Buildings 1 More

Stories 3 More

Tenancy Multi More

Listing Agency: Conway - Hanover Show Phone

Listed By: Michael B. Guimares Jr. Show Phone

Source: Iverty

Added: Aug 10 Changed: Nov 10 Last Checked: Nov 12 at 8:47AM

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Investment Insights

Based on property information with market context.

This 11k+ S/F mixed-use building contains three levels with a combination of retail, restaurant, office, and dance studio areas. A shared foyer from the Rte 27 frontage connects the floors, while the lower level has a separate entry from the rear parking area. The property includes both occupied suites and available space, allowing for a combination of existing tenancy and owner-operated use. Subdivided areas can accommodate separate businesses, and signage is in place for the building’s commercial exposure.

Located at 1280 Main St in Hanson, the property sits directly on Rte 27 and is .5 mile from the Hanson Commuter Rail station. Parking is distributed in front of and behind the building, with 35+ spaces serving the three-level layout. Built in 1984, the property offers a varied commercial configuration with access to public transportation.

Key Highlights

• 11k+ S/F mixed‑use building with three levels
• Retail, restaurant, office, and dance studio areas
• 35+ parking spaces positioned in front and behind the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,497

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$829,940 $829.9K

Cap Rate 7%

$592,814 $592.8K

Cap Rate 9%

$461,078 $461.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,984 SF

Gross rent

$66.7K $33.60/SF

− Vacancy

−$11.3K −$5.71/SF

EGI

$55.3K $27.89/SF

− OpEx

−$13.8K −$6.97/SF

NOI

$41.5K $20.92/SF

Area

Plymouth County, MA

Vacancy

17.00%

Lease Rate

$33.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$829,940

Cap Rate 7%

$592,814

Cap Rate 9%

$461,078

Alternative Uses

Best Use

Office B

$592.8K

$518.7K – $691.6K (±1% cap)

NOI $41,497 @ 7.0% cap · market cap 4.15%

Second Best

Retail

$465.7K

$407.5K – $543.3K (±1% cap)

NOI $32,598 @ 7.0% cap · market cap 3.26%

Theoretical Best

Office A

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,216 @ 7.0% cap · market cap 8.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Accounting Advisor Accounting Firm L.A. Hair Design Hair Salon Kelley & Co Beauty Medical Clinic C & S Refrigeration ... Hardware & Home Improvement Jill Ripley, REALTOR® ... Real Estate Agency

Suggested Use

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

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

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

111

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

Average Price Trend$/SF for Mixed-use properties in Plymouth County, MA

$236 Jul

$214 Aug

$215 Sep

$205 Oct

Properties on Market for Mixed-use properties in Plymouth County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial building with retail, restaurant, office, and studio uses arranged across three levels.

Where is this mixed-use property located?

The property is located at 1280 Main St Hanson, MA.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: 11k+ S/F mixed‑use building with three levels; Retail, restaurant, office, and dance studio areas; 35+ parking spaces positioned in front and behind the building