Retail Space with Treatment
For Sale
Contact for pricing
221 South Main St, Middleton, MA 01949
Built-out commercial suite with reception, private rooms, customer parking, and pylon signage availability.
Property Size1,820 SF
Days on Market49
Property Features for 221 South Main St
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
welcoming reception and waiting area
multiple private treatment rooms
two bathrooms
signage opportunities including available panel on street pylon sign
Building Details
Year Built
2018
Tenancy
Multi
Listing Agency:
Five Mark Realty Group LLC
(978) 539-7335
Listed By:
Brian Reardon
(978) 626-2984
Source:
Lockandkeyre
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 20 at 9:43PM
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 Five Mark Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,820-square-foot retail/service suite was built in 2018 and includes a reception and waiting area, multiple private treatment rooms, and two bathrooms. The existing configuration previously supported a boutique med spa and may accommodate medical, wellness, aesthetics, professional office, or other service-oriented uses, subject to landlord and municipal approval.
The space has direct frontage on Route 114, also identified as South Main Street, where traffic counts exceed 30,000 vehicles per day. It is part of an established commercial center with Starbucks, Salem Five Bank, and Btone Fitness. Shared on-site parking serves customers and employees, while signage options include an available panel on the property’s street pylon sign.
The space has direct frontage on Route 114, also identified as South Main Street, where traffic counts exceed 30,000 vehicles per day. It is part of an established commercial center with Starbucks, Salem Five Bank, and Btone Fitness. Shared on-site parking serves customers and employees, while signage options include an available panel on the property’s street pylon sign.
Key Highlights
- 1,820 SF retail/service suite built in 2018
- Direct frontage on Route 114 with traffic counts exceeding 30,000 vehicles per day
- Reception and waiting area with multiple private treatment rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,903
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,060
$598.1K
Cap Rate 7%
$427,186
$427.2K
Cap Rate 9%
$332,256
$332.3K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$43.7K $24.00/SF
− Vacancy
−$961 −$0.53/SF
EGI
$42.7K $23.47/SF
− OpEx
−$12.8K −$7.04/SF
NOI
$29.9K $16.43/SF
Area
Essex 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%
$598,060
Cap Rate 7%
$427,186
Cap Rate 9%
$332,256
Alternative Uses
Best Use
Office B
$724.7K
$634.1K – $845.5K
NOI $50,729 @ 7.0% cap · market cap 5,072,900.00%
Second Best
Healthcare Medical
$479.6K
$419.7K – $559.5K
NOI $33,572 @ 7.0% cap · market cap 3,357,200.00%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,420 @ 7.0% cap · market cap 7,542,000.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 01949, MA
9,779
Population
3,450
Households
2.8
Avg Household Size
44
Median Age
42%
College-Educated
91%
High-School Grad
13.4 sq mi
ZIP Area
730
Density / Sq Mi
$171,458
Median Household Income
$66,028
Median Earnings
$1,621
Median Rent
$713,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Built-out commercial suite with reception, private rooms, customer parking, and pylon signage availability.
Where is this retail space located?
The property is located at 221 South Main St Middleton, MA.
What are key features of this property?
This property features: 1,820 SF retail/service suite built in 2018; Direct frontage on Route 114 with traffic counts exceeding 30,000 vehicles per day; Reception and waiting area with multiple private treatment rooms
