Building Details

Building Size 1,185 SF

Year Built 1947

Listing Agency: Coastal Realty

Listed By: Noble Vincent · License #106427 Show Phone

Source: Elliman

Added: Oct 7 Last Checked: Oct 9 at 11:58PM

Report an Issue

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 Coastal Realty

Investment Insights

Based on property information with market context.

This 1,185-square-foot retail condominium has a rectangular floor plan with long display walls and an open interior. The space is currently used as a fine wine shop. The building dates to 1947.

The property is across from the harbor on Front Street in Marion. Nearby shops, dining establishments, and a village general store contribute to the surrounding commercial setting.

Key Highlights

• 1,185‑square‑foot retail condominium
• Rectangular layout with long, uninterrupted display walls
• Currently used as a fine wine shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,470

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,400 $389.4K

Cap Rate 7%

$278,143 $278.1K

Cap Rate 9%

$216,333 $216.3K

Market Conditions

NOI Build-Up for 1,185 SF

Gross rent

$28.4K $24.00/SF

− Vacancy

−$626 −$0.53/SF

EGI

$27.8K $23.47/SF

− OpEx

−$8.3K −$7.04/SF

NOI

$19.5K $16.43/SF

Area

Plymouth County, MA

Vacancy

2.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,400

Cap Rate 7%

$278,143

Cap Rate 9%

$216,333

Alternative Uses

Best Use

Retail

$278.1K

$243.4K – $324.5K (±1% cap)

NOI $19,470 @ 7.0% cap · market cap 4.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$701.5K

$613.8K – $818.4K (±1% cap)

NOI $49,106 @ 7.0% cap · market cap 10.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Bryan Mcsweeny PC Dental Office vinodivino Specialty Food Shop

Suggested Use

Top Pick Auto Repair Shop Building Supply Electrical Service Garden Center Furniture & Home Goods (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

202

Businesses Nearby

Explore this area Business Placement

Demographics for 02738, MA

5,347

Population

2,468

Households

2.2

Avg Household Size

50

Median Age

45%

College-Educated

97%

High-School Grad

14.1 sq mi

ZIP Area

379

Density / Sq Mi

$120,227

Median Household Income

$58,838

Median Earnings

$1,452

Median Rent

$585,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - A rectangular commercial interior features uninterrupted display walls and an adaptable open layout.

Where is this retail space located?

The property is located at 154 Front St 1 Marion, MA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 1,185‑square‑foot retail condominium; Rectangular layout with long, uninterrupted display walls; Currently used as a fine wine shop