Mixed-Use Property with
616 Centre St, Brockton, MA 02302
For Sale
$749,900
Single-family residence with three storefront units, C1 zoning, parking, and bus-route access.
Property Size4,018 SF
Price / SF$186.64
Days on Market48
Property Features for 616 Centre St
General Information
Standard status
Size
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
RE/MAX Synergy
Listed By:
Luis Martins Realty Team
(508) 857-5392
Source:
413realestate
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 6 at 5:47AM
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 RE/MAX Synergy
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Investment Insights
Based on property information with market context.
This mixed-use property combines a single-family residence with three storefront units in a 4,018-square-foot building constructed in 1916. The residence includes 3 bedrooms and 2 full baths, while the property has received updates that include a new roof and heating systems. Basement space includes a finished man cave.
Located at 616 Centre St on Rt 123, the property is near the Dwyers building and approximately 1 minute from Brockton Hospital. On-site parking and access to a bus route support both residential use and storefront operations. C1 zoning is also in place.
Located at 616 Centre St on Rt 123, the property is near the Dwyers building and approximately 1 minute from Brockton Hospital. On-site parking and access to a bus route support both residential use and storefront operations. C1 zoning is also in place.
Key Highlights
- 4,018‑square‑foot mixed‑use property
- Three storefront units plus a 3‑bedroom, 2‑bath single‑family residence
- C1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,132
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,640
$1.1M
Cap Rate 7%
$816,171
$816.2K
Cap Rate 9%
$634,800
$634.8K
Market Conditions
NOI Build-Up for 4,018 SF
Gross rent
$89.2K $22.20/SF
− Vacancy
−$7.6K −$1.89/SF
EGI
$81.6K $20.31/SF
− OpEx
−$24.5K −$6.09/SF
NOI
$57.1K $14.22/SF
Area
Brockton, MA
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,640
Cap Rate 7%
$816,171
Cap Rate 9%
$634,800
Alternative Uses
Best Use
Mixed Use
$1.07M
$932.3K – $1.24M
NOI $74,584 @ 7.0% cap · market cap 9.95%
Second Best
Retail
$816.2K
$714.2K – $952.2K
NOI $57,132 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,770 @ 7.0% cap · market cap 17.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 30%
Home Improvements & Furnishings 23%
Electronics 2%
The Home Depot
Home Improvements & Furnishings
24,275 visits/mo
0.4 miles
McDonald's
Dining
19,766 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,379 visits/mo
0.3 miles
Dunkin' Donuts
Dining
11,246 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,817 visits/mo
0.3 miles
Demographics for 02302, MA
36,202
Population
12,828
Households
2.8
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
4,068
Density / Sq Mi
$87,560
Median Household Income
$45,342
Median Earnings
$1,476
Median Rent
$395,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Plymouth County, MA
Properties on Market for Mixed-use properties in Plymouth County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-family residence with three storefront units, C1 zoning, parking, and bus-route access.
Where is this mixed-use property located?
The property is located at 616 Centre St Brockton, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4,018‑square‑foot mixed‑use property; Three storefront units plus a 3‑bedroom, 2‑bath single‑family residence; C1 zoning
