Retail Strip Center with Convenience
464 East Ashland st Brockton, MA 02302
464 East Ashland st, Brockton, MA, 02302
$1,100,000
For Sale
$1,100,000
Strip center with five units, including a convenience store occupying two units, with 50 parking spaces and two separate parcels.
Property Size6,350 SF
Lot Size1.07 Acres
Price / SF$173.23
Days on Market30
Property Features for 464 East Ashland st
General Information
- Standard status
- Active
- Size
- 6,350 SF
- Lot size
- 1.07 Acres
- Property subtype
- Retail
Listing agency
(617) 564-0551
Listed by
Matthew Javitch
Source
Crgcommercial
Added: Jun 24 Updated: Jul 23 at 2:31AM Checked: Jul 23 at 2:31AM
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 Matthew Javitch
Investment Insights
Based on property information with market context.
This retail strip center investment totals 6,350 square feet and sits on 46,700 square feet of land. The property is configured with five units, with four tenants currently occupying the space. A convenience store occupies two of the units.
The center is offered on two separate parcels totaling 46,700 square feet, and the property includes 50 parking spaces. The current tenant lineup includes leases in place for two tenants.
Overall, the building provides a multi-unit retail configuration anchored by the convenience store presence, with parking and parcel structure suited to continued retail occupancy and management.
The center is offered on two separate parcels totaling 46,700 square feet, and the property includes 50 parking spaces. The current tenant lineup includes leases in place for two tenants.
Overall, the building provides a multi-unit retail configuration anchored by the convenience store presence, with parking and parcel structure suited to continued retail occupancy and management.
Key Highlights
- 6,350 SF retail/strip center on 46,700 SF of land in the heart of Brockton, MA
- Five units total with 4 tenant occupants; convenience store occupies two units
- Two separate parcels totaling 46,700 SF of land
Local Financial Insights For 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 | $141.0k | $22.20 |
| − Vacancy | −$12.0k | −$1.89 |
| EGI | $129.0k | $20.31 |
| − OpEx | −$38.7k | −$6.09 |
| NOI | $90.3k | $14.22 |
6,350 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,956 @ 7.0% cap · market cap 9.91%
Second Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,291 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,409 @ 7.0% cap · market cap 19.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short Stop Market
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Strip center with five units, including a convenience store occupying two units, with 50 parking spaces and two separate parcels.
Where is this strip mall located?
The property is located at 464 East Ashland st Brockton, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,350 SF retail/strip center on 46,700 SF of land in the heart of Brockton, MA; Five units total with 4 tenant occupants; convenience store occupies two units; Two separate parcels totaling 46,700 SF of land
