Mixed-Use Medical and Residential
275 West Main St Norton, Norton, MA 02766
For Sale
$1,200,000
Mixed-use building with first-floor medical-ready commercial space and multiple residential units plus a full basement.
Property Size4,171 SF
Price / SF$287.70
Days on Market163
Property Features for 275 West Main St Norton
General Information
Standard status
Size
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Conway - Hingham
Listed By:
Stanley Blackmur
(781) 603-7862
Source:
Milestonerealtyinc
Added: Jun 3
Changed: Nov 10
Last Checked: Oct 7 at 9:44AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,540
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,800
$1.5M
Cap Rate 7%
$1,064,857
$1.1M
Cap Rate 9%
$828,222
$828.2K
Market Conditions
NOI Build-Up for 4,171 SF
Gross rent
$115.1K $27.60/SF
− Vacancy
−$8.6K −$2.07/SF
EGI
$106.5K $25.53/SF
− OpEx
−$31.9K −$7.66/SF
NOI
$74.5K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,800
Cap Rate 7%
$1,064,857
Cap Rate 9%
$828,222
Alternative Uses
Best Use
Healthcare Medical
$1.73M
$1.51M – $2.02M
NOI $121,071 @ 7.0% cap · market cap 10.09%
Second Best
Multifamily LT 5
$1.06M
$931.8K – $1.24M
NOI $74,540 @ 7.0% cap · market cap 6.21%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 02766, MA
19,202
Population
6,725
Households
2.9
Avg Household Size
41
Median Age
46%
College-Educated
94%
High-School Grad
27.8 sq mi
ZIP Area
691
Density / Sq Mi
$127,404
Median Household Income
$60,134
Median Earnings
$1,986
Median Rent
$476,900
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Bristol County, MA
Properties on Market for Medical Office Space in Bristol County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 $1,200,000.
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
