Mixed-Use Medical and Residential
275 West Main St Norton Norton, MA 02766
275 West Main St Norton, Norton, MA, 02766
$1,300,000
For Sale
$1,300,000
Mixed-use building with first-floor medical-ready commercial space and multiple residential units plus a full basement.
Property Size4,171 SF
Price / SF$311.68
Days on Market50
Property Features for 275 West Main St Norton
General Information
- Standard status
- Active
- Size
- 4,171 SF
Building Details
- Year Built
- 1935
Listing agency
(508) 501-1443
Listed by
Stephen Rose
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Updated: Jul 20 at 5:55PM Checked: Jul 20 at 5:55PM
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 Stephen Rose
Investment Insights
Based on property information with market context.
This mixed-use property includes first-floor commercial space designed for medical use, with 11 rooms and 2 baths. The first level also features a 1-car garage and a full basement, and the layout can be divided to create an additional residential apartment if desired. The building has four bathrooms total, and the septic system is designed for five.
The second floor is configured as an apartment with two bedrooms, kitchen, full bath, screened porch, deck, and two large 21-by-26 rooms. In addition, there is a basement apartment currently occupied by a tenant who wishes to remain, offering three rooms including a 1-bedroom, kitchen, and full bath. The commercial space was most recently used by a general dental practice and includes several rooms with plumbing, electrical, and internet network wiring already in place for medical or specialty dental equipment.
The commercial space is described as “medical ready,” and floor plans are available for review in the provided materials.
The second floor is configured as an apartment with two bedrooms, kitchen, full bath, screened porch, deck, and two large 21-by-26 rooms. In addition, there is a basement apartment currently occupied by a tenant who wishes to remain, offering three rooms including a 1-bedroom, kitchen, and full bath. The commercial space was most recently used by a general dental practice and includes several rooms with plumbing, electrical, and internet network wiring already in place for medical or specialty dental equipment.
The commercial space is described as “medical ready,” and floor plans are available for review in the provided materials.
Key Highlights
- Mixed‑use building built in 1935 with first‑floor commercial space plus multiple residential units and a full basement
- First‑floor commercial area has 11 rooms and 2 baths, plus a 1‑car garage and full basement; space can be divided into an additional residential apartment
- First floor is “medical ready” with plumbing, electrical, and internet network wiring in multiple rooms, including exam rooms
Local Financial Insights For Multifamily LT 5
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 | $115.1k | $27.60 |
| − Vacancy | −$8.6k | −$2.07 |
| EGI | $106.5k | $25.53 |
| − OpEx | −$31.9k | −$7.66 |
| NOI | $74.5k | $17.87 |
4,171 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$1.73M
$1.51M – $2.02M
NOI $121,071 @ 7.0% cap · market cap 9.31%
Second Best
Multifamily LT 5
$1.06M
$931.8K – $1.24M
NOI $74,540 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,805 @ 7.0% cap · market cap 13.68%
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?
Medical Office Space - Mixed-use building with first-floor medical-ready commercial space and multiple residential units plus a full basement.
Where is this medical office space located?
The property is located at 275 West Main St Norton Norton, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use building built in 1935 with first‑floor commercial space plus multiple residential units and a full basement; First‑floor commercial area has 11 rooms and 2 baths, plus a 1‑car garage and full basement; space can be divided into an additional residential apartment; First floor is “medical ready” with plumbing, electrical, and internet network wiring in multiple rooms, including exam rooms
