Mixed-Use Medical Office
275 West Main Street Norton, MA 02766
275 West Main Street, Norton, MA, 02766
$1,200,000
For Sale
$1,200,000
First-floor medical-ready commercial space with exam-room wiring and plumbing, plus two residential apartments and a leased basement unit.
Property Size4,171 SF
Price / SF$287.70
Days on Market73
Property Features for 275 West Main Street
General Information
- Standard status
- Active
- Size
- 4,171 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1935
Listing agency
Conway - Hingham
Listed by
Stanley Blackmur
(617) 875-4950
Source
Sarkisboston
Added: May 11 Updated: Jul 21 at 10:17PM Checked: Jul 22 at 6:49AM
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 - Hingham
Investment Insights
Based on property information with market context.
This mixed-use property combines ground-floor commercial space with multiple residential units. The first floor offers 11 rooms and 2 baths, along with a 1-car garage and a full basement. The second floor includes a 2-bedroom apartment with a kitchen, full bath, screened porch, deck, and two large 21-by-26 rooms. There is also a basement apartment currently occupied by a tenant who intends to remain, with 3 rooms including a 1BR, kitchen, and full bath. The property currently has four bathrooms, and the septic system is designed for five.
The commercial space was most recently used as a general dental practice. Several rooms on the first floor are already set up with plumbing, electrical, and internet network wiring intended to support medical or specialty dental equipment, including exam rooms. The first-floor layout can be readily divided to create an additional residential apartment if desired.
Overall, the building presents a flexible configuration for owner-users and investors seeking both medical-ready commercial space and residential rental income.
The commercial space was most recently used as a general dental practice. Several rooms on the first floor are already set up with plumbing, electrical, and internet network wiring intended to support medical or specialty dental equipment, including exam rooms. The first-floor layout can be readily divided to create an additional residential apartment if desired.
Overall, the building presents a flexible configuration for owner-users and investors seeking both medical-ready commercial space and residential rental income.
Key Highlights
- Year built 1935 mixed‑use building with first‑floor commercial, second‑floor apartment, and a leased basement unit
- First‑floor commercial space has 11 rooms and 2 baths plus a 1‑car garage and full basement
- First‑floor space is medical‑ready, with exam rooms already having plumbing, electrical, and internet network wiring
Local Financial Insights For Office B
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 | $114.1k | $27.36 |
| − Vacancy | −$22.7k | −$5.44 |
| EGI | $91.4k | $21.92 |
| − OpEx | −$22.9k | −$5.48 |
| NOI | $68.6k | $16.44 |
4,171 SF · lease $27.36/SF/yr · vacancy 19.90% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.73M
$1.51M – $2.02M
NOI $121,071 @ 7.0% cap · market cap 10.09%
Second Best
Office B
$979.4K
$857.0K – $1.14M
NOI $68,557 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,805 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Norton Family Dentistry
Dental Office
Dr. Eyad Salloum, ...
Dental Office
Small Maryanne
Dental Office
Tran Quan a DDS
Dental Office
Paull Bethaney
Dental Office
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FAQs
What type of property is this?
Mixed-use property - First-floor medical-ready commercial space with exam-room wiring and plumbing, plus two residential apartments and a leased basement unit.
Where is this mixed-use property located?
The property is located at 275 West Main Street Norton, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Year built 1935 mixed‑use building with first‑floor commercial, second‑floor apartment, and a leased basement unit; First‑floor commercial space has 11 rooms and 2 baths plus a 1‑car garage and full basement; First‑floor space is medical‑ready, with exam rooms already having plumbing, electrical, and internet network wiring
