Building Details

Building Size 15,787 SF

Year Built 1965

Listing Agency: Coastal Commercial Real Estate l***@comcast.net Show Phone

Listed By: Lori A. Nery · License #451501061 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 11 Last Checked: Aug 22 at 7:25AM

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Investment Insights

Based on property information with market context.

This meticulously maintained 15,787-square-foot investment property is available for purchase for the first time. Constructed in 1965, the building is situated on 1.89 acres of landscaped grounds located off Route 6. Currently, the property is leased to a global R&D/office tenant with a lease extending for 3 years, plus a 5-year option, generating approximately $150,000 annually in rental income. The tenant is responsible for most expenses. The building comprises 4 interconnected, single-level units and 1 freestanding unit, offering flexibility for an end user or conversion into 4 stand-alone rental spaces. Features include 3-phase electric, tile flooring, and abundant natural light. A 25,000-square-foot parking area is available. The space is suitable for a medical or nursing facility, adult or child daycare, R&D, office, or other commercial uses. The property's exceptional condition, strong cash flow, and versatile layout make it a unique opportunity in the Southcoast and Cape Cod commercial market.

Key Highlights

• Turn‑key 15,787 sq. ft. investment property on 1.89 acres.
• Generates approximately $150,000 annually in rental income with a tenant in place.
• Tenant pays most expenses under a 3‑year lease with a 5‑year option.

Property Analytics

Property Profile

Current Use

Teledyne Test Services Engineering Consultant

Suggested Use

Top Pick Electrical Service Building Supply Plumbing Service Furniture & Home Goods Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Explore this area Business Placement

Demographics for 02738, MA

5,347

Population

2,468

Households

2.2

Avg Household Size

50

Median Age

45%

College-Educated

97%

High-School Grad

14.1 sq mi

ZIP Area

379

Density / Sq Mi

$120,227

Median Household Income

$58,838

Median Earnings

$1,452

Median Rent

$585,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Turn-key investment property in Marion, MA with strong cash flow.

Where is this office building located?

The property is located at 513 Mill St Marion, MA.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Turn‑key 15,787 sq. ft. investment property on 1.89 acres.; Generates approximately $150,000 annually in rental income with a tenant in place.; Tenant pays most expenses under a 3‑year lease with a 5‑year option.