Mixed-Use Building with
38 Adams Street Taunton Taunton, MA 02780
38 Adams Street Taunton, Taunton, MA, 02780
$900,000
For Sale
$900,000
Well-maintained mixed-use property combines a first-floor diner and variety store with four two-bedroom residential units.
Property Size5,892 SF
Price / SF$152.75
Days on Market49
Property Features for 38 Adams Street Taunton
General Information
- Standard status
- Active
- Size
- 5,892 SF
Building Details
- Year Built
- 1900
Listing agency
(508) 501-1443
Listed by
Derek DaRosa
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Updated: Jul 10 at 1:48PM Checked: Jul 21 at 3:20AM
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 Derek DaRosa
Investment Insights
Based on property information with market context.
This mixed-use building is configured with a diner and variety store on the first floor, along with lottery sales and an ATM. The upper levels include four well-kept residential units, each with two bedrooms. Private off-street parking is available in the rear for residents and customers.
The property is located just minutes from historic Taunton Green. It is maintained to a turnkey standard, supporting an owner-operator or investor looking for a ready-to-manage setup in a walkable, established area.
For tenants and buyers, the layout offers an operational food and retail component paired with four long-term residential units. That combination can help diversify income streams within a single asset. With on-site parking and a commercial tenant-facing use on the ground level, the building is designed to serve both daily customer activity and residential needs.
The property is located just minutes from historic Taunton Green. It is maintained to a turnkey standard, supporting an owner-operator or investor looking for a ready-to-manage setup in a walkable, established area.
For tenants and buyers, the layout offers an operational food and retail component paired with four long-term residential units. That combination can help diversify income streams within a single asset. With on-site parking and a commercial tenant-facing use on the ground level, the building is designed to serve both daily customer activity and residential needs.
Key Highlights
- Mixed‑use building with a first‑floor diner and variety store plus four residential units
- Four well‑kept 2‑bedroom residential units with long‑term tenants in place
- First‑floor retail includes variety store with lottery sales and an ATM
Local Financial Insights For Specialty Retail
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 | $106.1k | $18.00 |
| − Vacancy | −$2.3k | −$0.40 |
| EGI | $103.7k | $17.60 |
| − OpEx | −$25.9k | −$4.40 |
| NOI | $77.8k | $13.20 |
5,892 SF · lease $18.00/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.02M
NOI $121,010 @ 7.0% cap · market cap 13.45%
Second Best
Multifamily LT 5
$1.50M
$1.32M – $1.75M
NOI $105,296 @ 7.0% cap · market cap 11.70%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,169 @ 7.0% cap · market cap 27.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breakfast & diners
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use property combines a first-floor diner and variety store with four two-bedroom residential units.
Where is this mixed-use property located?
The property is located at 38 Adams Street Taunton Taunton, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Mixed‑use building with a first‑floor diner and variety store plus four residential units; Four well‑kept 2‑bedroom residential units with long‑term tenants in place; First‑floor retail includes variety store with lottery sales and an ATM
