Fully Permitted Mixed-Use
151 Main Street Maynard, MA 01754
151 Main Street, Maynard, MA, 01754
$1,250,000
For Sale
$1,250,000
Fully permitted for construction of a mixed-use building with retail, office, and three residential units in downtown Maynard.
Property Size4,762 SF
Price / SF$262.49
Days on Market63
Property Features for 151 Main Street
General Information
- Standard status
- Active
- Size
- 4,762 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2027
Listing Agency
The Attias Group,LLC
Listed by
The Zur Attias Team
Source
Eganrealtygroup
Added: May 16 Checked: Jul 17 at 2:16 am
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
Investment Insights
Based on property information with market context.
This offering is for a shovel-ready mixed-use development with approvals in place for construction. The project is described as a modern mixed-use structure designed to support flexible layouts, with space intended for retail and office use alongside three residential units for living or condo/rental configuration. Large windows are indicated as part of the design to support natural light and visibility, with modern finishes planned throughout.
The property is located at 151 Main Street in Maynard, identified as being in downtown Maynard across from Mill & Main. The surrounding area is described as a mix of shops and restaurants with steady business activity.
For tenants, buyers, or operators, the core advantage is the ability to plan a consolidated retail, office, and residential environment under one ownership. The approved, ready-to-build status can support parties looking to time construction to their business and housing plans, with the project positioned for multiple uses in a single building. The layout is represented as able to accommodate a range of business opportunities while also providing dedicated residential units within the same development.
The property is located at 151 Main Street in Maynard, identified as being in downtown Maynard across from Mill & Main. The surrounding area is described as a mix of shops and restaurants with steady business activity.
For tenants, buyers, or operators, the core advantage is the ability to plan a consolidated retail, office, and residential environment under one ownership. The approved, ready-to-build status can support parties looking to time construction to their business and housing plans, with the project positioned for multiple uses in a single building. The layout is represented as able to accommodate a range of business opportunities while also providing dedicated residential units within the same development.
Key Highlights
- Fully permitted and shovel‑ready for construction of a mixed‑use building in downtown Maynard
- Planned mix includes retail and office space plus three residential units
- Downtown Maynard site is located across from Mill & Main
Local Financial Insights For Mixed Use
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 | $142.9k | $30.00 |
| − Vacancy | −$17.1k | −$3.60 |
| EGI | $125.7k | $26.40 |
| − OpEx | −$47.1k | −$9.90 |
| NOI | $78.6k | $16.50 |
4,762 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.52M
NOI $151,100 @ 7.0% cap · market cap 12.09%
Second Best
Mixed Use
$1.12M
$982.2K – $1.31M
NOI $78,573 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,336 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - Fully permitted for construction of a mixed-use building with retail, office, and three residential units in 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: Fully permitted and shovel‑ready for construction of a mixed‑use building in downtown Maynard; Planned mix includes retail and office space plus three residential units; Downtown Maynard site is located across from Mill & Main
