Mixed-Use Building in Prime
259 Copeland St Quincy, MA 02169
259 Copeland St, Quincy, MA, 02169
$899,000
For Sale
$899,000
Mixed-use property with retail and residential units in Quincy.
Property Size3,812 SF
Price / SF$235.83
Days on Market406
Property Features for 259 Copeland St
General Information
- Standard status
- Active
- Size
- 3,812 SF
Building Details
- Year Built
- 1946
Listing Agency
Kelley & Rege Properties, Inc.
Listed by
Paul Rege
Source
Corcoran
Added: Jun 11, 2025 Updated: Mar 16 at 9:09 am Checked: Jul 20 at 4:28 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 Kelley & Rege Properties, Inc.
Investment Insights
Based on property information with market context.
This two-story, solid brick mixed-use building in Quincy features three street-level retail spaces and a spacious second-floor 3-bedroom apartment. The property is located just off Willard Street, providing convenient access to Routes 93, 128, and 3. It benefits from a high-visibility location and includes off-street parking for five vehicles. The property is situated on a 5,766 square foot lot and is zoned BUSB (legal conforming). The total square footage of the building is approximately 3,574 square feet. The property is currently generating a projected gross rental income of $83,784 annually when fully occupied, with additional potential for reimbursement of operating expenses. The second-floor residential unit will be delivered vacant, offering immediate occupancy or lease-up potential. The parking lot address is 78 Cross Street, Quincy, MA.
Key Highlights
- Projected gross annual rental income of $83,784 when fully occupied, with potential for expense reimbursement.
- Mixed‑use building with three retail units and a spacious 3‑bedroom apartment.
- Excellent location just off Willard Street with easy access to Routes 93, 128, and 3.
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 | $128.1k | $33.60 |
| − Vacancy | −$11.5k | −$3.02 |
| EGI | $116.6k | $30.58 |
| − OpEx | −$43.7k | −$11.47 |
| NOI | $72.8k | $19.11 |
3,812 SF · lease $33.60/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.04M
$910.6K – $1.21M
NOI $72,847 @ 7.0% cap · market cap 8.10%
Second Best
Retail
$878.3K
$768.5K – $1.02M
NOI $61,480 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,725 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pink and Blue Pet ...
Pet Grooming Service
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in Quincy.
Where is this mixed-use property located?
The property is located at 259 Copeland St Quincy, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Projected gross annual rental income of $83,784 when fully occupied, with potential for expense reimbursement.; Mixed‑use building with three retail units and a spacious 3‑bedroom apartment.; Excellent location just off Willard Street with easy access to Routes 93, 128, and 3.
