Second-Floor Office
48 Central Square #2, Bridgewater, MA 02324
For Sale
Contact for pricing
Several large rooms are complemented by dedicated storage and a reception area.
Property Size1,800 SF
Price / SF$0.86
Days on Market101
Property Features for 48 Central Square #2
General Information
Standard status
Size
Additional Details
Floor
Public Transit
Building Details
Year Built
Listing Agency:
Conway - Bridgewater
(508) 697-8300
Listed By:
Doug Crane · License #9024971
(508) 843-7985
Source:
Lockandkeyre
Added: Jul 30
Changed: Nov 6
Last Checked: Nov 6 at 9:06AM
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 Conway - Bridgewater
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Investment Insights
Based on property information with market context.
Located on the second floor at 48 Central Square Unit 2, this office property provides approximately 1800 square feet arranged among several large office rooms. The layout also includes storage and a reception area, offering a mix of work and support spaces within the suite. The space is currently identified as a dance studio and has additional space across the hall.
The property is situated near a university, commuter rail service, and multiple local businesses in Central Square, Bridgewater. Built in 1900, the building offers an established setting for office-oriented operations requiring multiple rooms and shared support areas.
The property is situated near a university, commuter rail service, and multiple local businesses in Central Square, Bridgewater. Built in 1900, the building offers an established setting for office-oriented operations requiring multiple rooms and shared support areas.
Key Highlights
- Approximately 1800 Sq' of second‑floor office space
- Several large office rooms with storage and reception area
- Additional space available across the hall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,649
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,980
$753.0K
Cap Rate 7%
$537,843
$537.8K
Cap Rate 9%
$418,322
$418.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$60.5K $33.60/SF
− Vacancy
−$10.3K −$5.71/SF
EGI
$50.2K $27.89/SF
− OpEx
−$12.5K −$6.97/SF
NOI
$37.6K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,980
Cap Rate 7%
$537,843
Cap Rate 9%
$418,322
Alternative Uses
Best Use
Office B
$537.8K
$470.6K – $627.5K
NOI $37,649 @ 7.0% cap · market cap 2,428.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.4K – $1.24M
NOI $74,592 @ 7.0% cap · market cap 4,812.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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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
$500,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Plymouth County, MA
Properties on Market for Office Units in Plymouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Several large rooms are complemented by dedicated storage and a reception area.
Where is this office unit located?
The property is located at 48 Central Square #2 Bridgewater, MA.
What are key features of this property?
This property features: Approximately 1800 Sq' of second‑floor office space; Several large office rooms with storage and reception area; Additional space available across the hall
