Two-Unit Mixed-Use
347 W Grove St #A, Middleboro, MA 02346
For Sale
New
$325,000
The two-story building pairs ground-floor commercial space with a separate-entry upper level.
Property Size1,821 SF
Price / SF$178.47
Days on Market7
Property Features for 347 W Grove St #A
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
LED sign
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Cape Landing Real Estate
(508) 743-2226
Listed By:
Gary Asack
(508) 208-1159
Source:
2sistersteam
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 6 at 6:45PM
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 Cape Landing Real Estate
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Investment Insights
Based on property information with market context.
This 1,821-square-foot mixed-use property contains two units across two stories. The ground floor offers more than 1,000 square feet of open commercial space, while the upper level provides over 700 square feet and has its own entrance. The building was constructed in 1987 and is zoned GU, Legal Conforming.
Route 28 frontage and a position 1.1 miles from Middleboro T Station provide useful location context. Property improvements include an LED sign rebuilt in 2022, roof shingles replaced in October 2018, and a septic system installed in September 2019.
Route 28 frontage and a position 1.1 miles from Middleboro T Station provide useful location context. Property improvements include an LED sign rebuilt in 2022, roof shingles replaced in October 2018, and a septic system installed in September 2019.
Key Highlights
- 1,821 square feet in a two‑story, two‑unit building
- More than 1,000 square feet of open space on the first floor
- Upper level offers over 700 square feet with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,591
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,820
$351.8K
Cap Rate 7%
$251,300
$251.3K
Cap Rate 9%
$195,456
$195.5K
Market Conditions
NOI Build-Up for 1,821 SF
Gross rent
$30.6K $16.80/SF
− Vacancy
−$2.4K −$1.34/SF
EGI
$28.1K $15.46/SF
− OpEx
−$10.6K −$5.80/SF
NOI
$17.6K $9.66/SF
Area
Plymouth County, MA
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,820
Cap Rate 7%
$251,300
Cap Rate 9%
$195,456
Alternative Uses
Best Use
Retail
$427.4K
$374.0K – $498.7K
NOI $29,920 @ 7.0% cap · market cap 9.21%
Second Best
Mixed Use
$251.3K
$219.9K – $293.2K
NOI $17,591 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.08M
$943.3K – $1.26M
NOI $75,462 @ 7.0% cap · market cap 23.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 02346, MA
24,245
Population
10,230
Households
2.4
Avg Household Size
44
Median Age
30%
College-Educated
94%
High-School Grad
69.0 sq mi
ZIP Area
351
Density / Sq Mi
$91,914
Median Household Income
$52,710
Median Earnings
$1,692
Median Rent
$426,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Plymouth County, MA
Properties on Market for Mixed-use properties in Plymouth County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-story building pairs ground-floor commercial space with a separate-entry upper level.
Where is this mixed-use property located?
The property is located at 347 W Grove St #A Middleboro, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,821 square feet in a two‑story, two‑unit building; More than 1,000 square feet of open space on the first floor; Upper level offers over 700 square feet with a separate entrance
