Business-Zoned Live-Work
For Sale
$599,000
197 W Center St., West Bridgewater, MA 02379
Garage bays include 220-volt service and hot and cold water connections for shop-related work.
Property Size1,978 SF
Lot Size2.00 Acres
Days on Market9
Property Features for 197 W Center St.
General Information
Standard status
Active
Size
1,978 SF
Total Parking Spaces
3
Lot size
2.00 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
1,978 SF
Year Built
1978
Buildings
1
Construction
Steel I beam
Listing Agency:
Conway - Bridgewater
(508) 697-8300
Listed By:
Doug Crane · License #9024971
(508) 843-7985
Source:
Iverty
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 7:13AM
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 Conway - Bridgewater
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Investment Insights
Based on property information with market context.
This 1978 live-work property comprises a nine-room ranch on 2 acres, with an open floor plan and steel I-beam construction. The three-car garage has bays equipped with 220-volt service and hot and cold water connections. Additional improvements include a newer roof, a newer Title 5 system, and central air provided by mini-split units. The property is zoned for residential and business use.
Set back from W. Center Street in West Bridgewater, the property is minutes from Routes 24 and 495, as well as Market Basket and CVS. The combination of residential space, garage capacity, and business zoning provides a single-site setting for a live-work operation.
Set back from W. Center Street in West Bridgewater, the property is minutes from Routes 24 and 495, as well as Market Basket and CVS. The combination of residential space, garage capacity, and business zoning provides a single-site setting for a live-work operation.
Key Highlights
- 2‑acre property with a nine‑room ranch
- Three‑car garage with 220V service in the bays
- Hot and cold water connections in the garage bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,372
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,440
$827.4K
Cap Rate 7%
$591,029
$591.0K
Cap Rate 9%
$459,689
$459.7K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$66.5K $33.60/SF
− Vacancy
−$11.3K −$5.71/SF
EGI
$55.2K $27.89/SF
− OpEx
−$13.8K −$6.97/SF
NOI
$41.4K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,440
Cap Rate 7%
$591,029
Cap Rate 9%
$459,689
Alternative Uses
Best Use
Office B
$591.0K
$517.2K – $689.5K
NOI $41,372 @ 7.0% cap · market cap 6.91%
Second Best
Mixed Use
$273.0K
$238.8K – $318.5K
NOI $19,107 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,968 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 02379, MA
7,697
Population
2,955
Households
2.6
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
503
Density / Sq Mi
$124,483
Median Household Income
$56,818
Median Earnings
$2,011
Median Rent
$501,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Garage bays include 220-volt service and hot and cold water connections for shop-related work.
Where is this live-work space located?
The property is located at 197 W Center St. West Bridgewater, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2‑acre property with a nine‑room ranch; Three‑car garage with 220V service in the bays; Hot and cold water connections in the garage bays
