Building Details

Building Size 4,762 SF

Year Built 2027

Stories 3

Listing Agency: The Attias Group, LLC Show Phone

Listed By: The Zur Attias Team Show Phone

Source: Churchillprop

Added: May 15 Changed: Oct 31 Last Checked: Nov 1 at 2:28AM

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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 The Attias Group, LLC

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Investment Insights

Based on property information with market context.

This shovel-ready investment opportunity features a fully permitted and approved building for construction in downtown Maynard. The location is across from Mill & Main, surrounded by a mix of shops, restaurants, and business activity. The site is envisioned for a modern mixed-use structure designed by a local designer. The building offers flexible layouts suitable for retail, office, and residential living, including condo or rental options. Large windows provide natural light. The space can accommodate multiple businesses and is suitable for entrepreneurs and established brands. The property is 7059 square feet.

Key Highlights

• Shovel‑ready investment opportunity with full permits and approvals for construction.
• Prime downtown Maynard location across from Mill & Main, surrounded by shops, restaurants, and business activity.
• Approved for a modern mixed‑use structure with flexible layouts suitable for retail, office, and residential use.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,573

Cap Rate

6.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,571,460 $1.6M

Cap Rate 7%

$1,122,471 $1.1M

Cap Rate 9%

$873,033 $873.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,762 SF

Gross rent

$142.9K $30.00/SF

− Vacancy

−$17.1K −$3.60/SF

EGI

$125.7K $26.40/SF

− OpEx

−$47.1K −$9.90/SF

NOI

$78.6K $16.50/SF

Area

Middlesex County, MA

Vacancy

12.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,571,460

Cap Rate 7%

$1,122,471

Cap Rate 9%

$873,033

Alternative Uses

Best Use

Mixed Use

$1.12M

$982.2K – $1.31M (±1% cap)

NOI $78,573 @ 7.0% cap · market cap 6.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,336 @ 7.0% cap · market cap 15.79%

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

Mixed-use properties

Suggested Use

Top Pick Law Firm Nail Salon Dental Office Hair Salon Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

659

Businesses Nearby

Explore this area Business Placement

Demographics for 01754, MA

10,730

Population

4,845

Households

2.2

Avg Household Size

43

Median Age

64%

College-Educated

96%

High-School Grad

5.2 sq mi

ZIP Area

2,063

Density / Sq Mi

$119,549

Median Household Income

$74,452

Median Earnings

$1,678

Median Rent

$494,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Permitted mixed-use building site in vibrant downtown Maynard.

Where is this mixed-use property located?

The property is located at 151 Main Street Maynard, MA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Shovel‑ready investment opportunity with full permits and approvals for construction.; Prime downtown Maynard location across from Mill & Main, surrounded by shops, restaurants, and business activity.; Approved for a modern mixed‑use structure with flexible layouts suitable for retail, office, and residential use.