Renovated Mixed-Use
For Sale
$2,500,000
40 Central Sq, Bridgewater, MA 02324
Two-story property combines renovated retail space with updated residential rooms in a downtown setting.
Property Size10,458 SF
Price / SF$239.05
Days on Market87
Property Features for 40 Central Sq
General Information
Standard status
Active
Size
10,458 SF
Total Parking Spaces
8
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$12,500
Amenities
closed circuit camera system
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
CASTLES UNLIMITED TEAM
(617) 733-8280
Source:
Exprealty
Added: Jul 21
Changed: Oct 1
Last Checked: Oct 15 at 4:58AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 10,458-square-foot mixed-use building features five renovated retail spaces on the first floor, offering storefront exposure and access to street parking. The second floor contains 13 residential rooms with recent flooring improvements and updated bathrooms. Building systems include monitored fire suppression and a closed-circuit camera system, while eight private parking spaces are located behind the property.
Positioned at 40 Central Sq in Bridgewater, the property is near Bridgewater State University, public transportation, and highways. Its combination of commercial and residential components provides a substantial existing configuration for continued mixed-use occupancy or future redevelopment, as supported by the current layout.
Positioned at 40 Central Sq in Bridgewater, the property is near Bridgewater State University, public transportation, and highways. Its combination of commercial and residential components provides a substantial existing configuration for continued mixed-use occupancy or future redevelopment, as supported by the current layout.
Key Highlights
- 10,458‑square‑foot mixed‑use building at 40 Central Sq, Bridgewater, MA
- Five renovated first‑floor retail spaces
- Second floor includes 13 residential rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,829
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,436,580
$3.4M
Cap Rate 7%
$2,454,700
$2.5M
Cap Rate 9%
$1,909,211
$1.9M
Market Conditions
NOI Build-Up for 10,458 SF
Gross rent
$251.0K $24.00/SF
− Vacancy
−$5.5K −$0.53/SF
EGI
$245.5K $23.47/SF
− OpEx
−$73.6K −$7.04/SF
NOI
$171.8K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,436,580
Cap Rate 7%
$2,454,700
Cap Rate 9%
$1,909,211
Alternative Uses
Best Use
Retail
$2.45M
$2.15M – $2.86M
NOI $171,829 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$2.33M
$2.04M – $2.71M
NOI $162,894 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$6.19M
$5.42M – $7.22M
NOI $433,377 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 02324, MA
25,676
Population
9,770
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
94%
High-School Grad
27.0 sq mi
ZIP Area
951
Density / Sq Mi
$112,445
Median Household Income
$57,560
Median Earnings
$1,975
Median Rent
$500,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story property combines renovated retail space with updated residential rooms in a downtown setting.
Where is this mixed-use property located?
The property is located at 40 Central Sq Bridgewater, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,458‑square‑foot mixed‑use building at 40 Central Sq, Bridgewater, MA; Five renovated first‑floor retail spaces; Second floor includes 13 residential rooms
