Restored Octagon Mixed-Use
For Sale
$665,000
14 Main Street, Shelburne, MA 01370
Residential and commercial zoning supports a flexible live-work configuration with a separate utility-served studio.
Property Size2,491 SF
Price / SF$266.96
Days on Market67
Property Features for 14 Main Street
General Information
Standard status
Active
Size
2,491 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
radiant heated tile floors
handcrafted built-ins
custom lighting
dramatic spiral staircase
rooftop cupola
mahogany deck
gardens
fruit trees
stone walls
Building Details
Year Built
1850
Buildings
2
Listing Agency:
REMAX Connections - Greenfield
Listed By:
Jocelyn O'Shea · License #452517836
(413) 923-1120
Source:
Jmulkerinrealty
Added: Aug 24
Changed: Oct 28
Last Checked: Oct 28 at 8:57AM
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 REMAX Connections - Greenfield
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Investment Insights
Based on property information with market context.
Built in 1850, this 2,491-square-foot octagonal property combines a restored main building with a detached studio. Residential and commercial zoning supports a range of live-work and business configurations, subject to buyer and buyer-agent verification of intended use. The studio has separate utilities and a bath, providing a distinct space for business activity, supplemental income, or an additional use.
Interior details include radiant heated tile floors, handcrafted built-ins, custom lighting, a spiral staircase, and a rooftop cupola. A mahogany deck, gardens, fruit trees, and stone walls contribute to the property’s setting. The building previously operated as an art gallery and is near Shelburne Falls shops, restaurants, the Bridge of Flowers, library, and farmers market.
Interior details include radiant heated tile floors, handcrafted built-ins, custom lighting, a spiral staircase, and a rooftop cupola. A mahogany deck, gardens, fruit trees, and stone walls contribute to the property’s setting. The building previously operated as an art gallery and is near Shelburne Falls shops, restaurants, the Bridge of Flowers, library, and farmers market.
Key Highlights
- 2,491‑square‑foot octagonal mixed‑use property built in 1850
- Residential and commercial zoning supports live‑work and business uses
- Detached studio includes separate utilities and a bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,749
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,980
$695.0K
Cap Rate 7%
$496,414
$496.4K
Cap Rate 9%
$386,100
$386.1K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$59.8K $24.00/SF
− Vacancy
−$13.5K −$5.40/SF
EGI
$46.3K $18.60/SF
− OpEx
−$11.6K −$4.65/SF
NOI
$34.7K $13.95/SF
Area
Franklin County, MA
Vacancy
22.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,980
Cap Rate 7%
$496,414
Cap Rate 9%
$386,100
Alternative Uses
Best Use
Office B
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$368.3K
$322.3K – $429.7K
NOI $25,782 @ 7.0% cap · market cap 3.88%
Theoretical Best
Healthcare Medical
$1.03M
$903.8K – $1.21M
NOI $72,306 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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Business Placement
Demographics for 01370, MA
3,932
Population
1,945
Households
2
Avg Household Size
52
Median Age
50%
College-Educated
95%
High-School Grad
48.2 sq mi
ZIP Area
82
Density / Sq Mi
$76,715
Median Household Income
$39,367
Median Earnings
$1,057
Median Rent
$334,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial zoning supports a flexible live-work configuration with a separate utility-served studio.
Where is this mixed-use property located?
The property is located at 14 Main Street Shelburne, MA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 2,491‑square‑foot octagonal mixed‑use property built in 1850; Residential and commercial zoning supports live‑work and business uses; Detached studio includes separate utilities and a bath
