Mixed-Use Investment Near Taunton
38 Adams Street Taunton, MA 02780
38 Adams Street, Taunton, MA, 02780
$900,000
For Sale
$900,000
Mixed-use property with commercial space and residential units near Taunton Green.
Property Size5,181 SF
Price / SF$173.71
Days on Market93
Property Features for 38 Adams Street
General Information
- Standard status
- Active
- Size
- 5,181 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1900
Listing Agency
Venture
(617) 340-9770
Listed by
Randy Estrella · License #9585673
(617) 340-9770
Source
Compass
Added: Apr 16 Checked: Jul 17 at 6:02 am
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 Venture
Investment Insights
Based on property information with market context.
This mixed-use property is located minutes from historic Taunton Green. The first floor features a diner and variety store with lottery sales and an ATM. The upper levels contain four residential units, each with two bedrooms and long-term tenants. Private off-street parking is available in the rear. The property is positioned as a start-up location or expansion opportunity for investors. It is located close to the historic Taunton Green area.
Key Highlights
- Prime mixed‑use property in a desirable location near historic Taunton Green.
- Steady rental income from four well‑kept, two‑bedroom residential units with long‑term tenants.
- First floor includes a welcoming diner and variety store with lottery sales and 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 | $93.3k | $18.00 |
| − Vacancy | −$2.1k | −$0.40 |
| EGI | $91.2k | $17.60 |
| − OpEx | −$22.8k | −$4.40 |
| NOI | $68.4k | $13.20 |
5,181 SF · lease $18.00/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,407 @ 7.0% cap · market cap 11.82%
Second Best
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,590 @ 7.0% cap · market cap 10.29%
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,860 @ 7.0% cap · market cap 24.54%
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 - Mixed-use property with commercial space and residential units near Taunton Green.
Where is this mixed-use property located?
The property is located at 38 Adams Street 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: Prime mixed‑use property in a desirable location near historic Taunton Green.; Steady rental income from four well‑kept, two‑bedroom residential units with long‑term tenants.; First floor includes a welcoming diner and variety store with lottery sales and ATM.
