Shovel Ready Mixed-Use
151 Main Street Maynard Maynard, MA 01754
151 Main Street Maynard, Maynard, MA, 01754
$1,250,000
For Sale
$1,250,000
Permitted mixed-use building site in vibrant downtown Maynard.
Property Size7,059 SF
Price / SF$177.08
Days on Market67
Property Features for 151 Main Street Maynard
General Information
- Standard status
- Active
- Size
- 7,059 SF
Building Details
- Year Built
- 1950
Listing Agency
(508) 501-1443
Listed by
Brian DaSilva
(508) 501-1443
Source
Milestonerealtyinc
Added: May 15 Updated: Jul 10 at 1:42 pm Checked: Jul 20 at 2:00 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 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
NOI $223,985 @ 7.0% cap · market cap 17.92%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,450 @ 7.0% cap · market cap 11.24%
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
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
Similar For Sale Nearby
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.
