Mixed-Use Storefront with
402 Park, Great Barrington, MA 01230
For Sale
$489,000
Mixed-use building combines a commercial storefront with a two- to three-bedroom apartment and separately metered utilities.
Property Size2,178 SF
Price / SF$224.52
Days on Market109
Property Features for 402 Park
General Information
Standard status
Size
Property subtype
Amenities
separate utilities
Building Details
Year Built
Listing Agency:
HOUSATONIC REAL ESTATE
Listed By:
Suzann Laverack Ward · License #9588333
(413) 329-3031
Source:
Harschrealestate
Added: Jul 23
Changed: Nov 6
Last Checked: Nov 6 at 10:16AM
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 HOUSATONIC REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,178-square-foot mixed-use property combines a storefront with a residential apartment offering two to three bedrooms. The commercial and residential components have separate utilities, supporting distinct occupancy and operating arrangements.
The property is located at 402 Park in Great Barrington, Massachusetts. Parking is available at both the front and rear of the building, providing on-site parking for the mixed-use configuration.
The property is located at 402 Park in Great Barrington, Massachusetts. Parking is available at both the front and rear of the building, providing on-site parking for the mixed-use configuration.
Key Highlights
- 2,178‑square‑foot mixed‑use building
- Commercial storefront with a two- to three‑bedroom apartment
- Separate utilities for the storefront and apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,290
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,800
$525.8K
Cap Rate 7%
$375,571
$375.6K
Cap Rate 9%
$292,111
$292.1K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$39.2K $18.00/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$37.6K $17.24/SF
− OpEx
−$11.3K −$5.17/SF
NOI
$26.3K $12.07/SF
Area
Berkshire County, MA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,800
Cap Rate 7%
$375,571
Cap Rate 9%
$292,111
Alternative Uses
Best Use
Retail
$375.6K
$328.6K – $438.2K
NOI $26,290 @ 7.0% cap · market cap 5.38%
Second Best
Mixed Use
$315.0K
$275.7K – $367.5K
NOI $22,052 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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Business Placement
Demographics for 01230, MA
8,907
Population
5,025
Households
1.8
Avg Household Size
52
Median Age
49%
College-Educated
95%
High-School Grad
97.0 sq mi
ZIP Area
92
Density / Sq Mi
$82,871
Median Household Income
$40,397
Median Earnings
$1,286
Median Rent
$479,200
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building combines a commercial storefront with a two- to three-bedroom apartment and separately metered utilities.
Where is this mixed-use property located?
The property is located at 402 Park Great Barrington, MA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2,178‑square‑foot mixed‑use building; Commercial storefront with a two- to three‑bedroom apartment; Separate utilities for the storefront and apartment
