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Shovel Ready Mixed-Use Opportunity

151 Main Street Maynard Maynard, MA 01754

Claim this Listing
For Sale
$1,250,000

Permitted mixed-use building site in vibrant downtown Maynard.

Property size:
7,059 SF
Price / SF:
$177.08/SF
Added:
May 15, 2026
Days on Market:
61
Last Refresh:
Jun 29 at 2:55 am

Property Features for 151 Main Street Maynard

General Information

Standard status
Active
Size
7,059 SF

Building Details

Year Built
1950

Listing office

Listing date May 15, 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 Brian DaSilva


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.

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 $155.0k $21.96
− Vacancy −$10.1k −$1.43
EGI $144.9k $20.53
− OpEx −$43.5k −$6.16
NOI $101.5k $14.37
7,059 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$3.20M
$2.80M – $3.73M (±1% cap)
NOI $223,985 @ 7.0% cap · market cap 17.92%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.34M (±1% cap)
NOI $140,450 @ 7.0% cap · market cap 11.24%
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M (±1% cap)
NOI $292,523 @ 7.0% cap · market cap 23.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Nail Salon Hair Salon Dental Office Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Furniture & Home Goods HVAC Service Garden Center

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

FAQs

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 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.
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