Commercially Zoned Mixed Use
For Sale
$650,000
646 Broadway, Raynham, MA 02767
0.97 acre commercially zoned lot, ideal for mixed-use development.
Property Size3,200 SF
Price / SF$203.13
Days on Market385
Property Features for 646 Broadway
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$9,265
Building Details
Building Size
3,200 SF
Year Built
1917
Listing Agency:
Carol Sullivan Real Estate Inc
(508) 822-5001
Listed By:
Carol Sullivan · License #453500159
(508) 958-8389
Source:
Churchillprop
Added: Sep 16, 2025
Changed: Oct 1
Last Checked: Oct 4 at 6:41AM
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 Carol Sullivan Real Estate Inc
Investment Insights
Based on property information with market context.
This commercially zoned mixed-use building lot is located on busy State Route 138 and totals 0.97 acre. The parcel contains 0.971 acres of land, mainly classified as commercial/residential, with an office building built around 1917, featuring a vinyl exterior. It presents an ideal opportunity for office, mixed-use, or business development. The property offers easy access to Routes 24, 495, and 140.
Key Highlights
- Commercially zoned mixed‑use building lot.
- Located on busy State Route 138.
- .97 acre lot size.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,800
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,000
$756.0K
Cap Rate 7%
$540,000
$540.0K
Cap Rate 9%
$420,000
$420.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$67.2K $21.00/SF
− Vacancy
−$6.7K −$2.10/SF
EGI
$60.5K $18.90/SF
− OpEx
−$22.7K −$7.09/SF
NOI
$37.8K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,000
Cap Rate 7%
$540,000
Cap Rate 9%
$420,000
Alternative Uses
Best Use
Mixed Use
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,412 @ 7.0% cap · market cap 20.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 02767, MA
15,376
Population
6,089
Households
2.5
Avg Household Size
43
Median Age
41%
College-Educated
91%
High-School Grad
24.8 sq mi
ZIP Area
620
Density / Sq Mi
$119,550
Median Household Income
$64,676
Median Earnings
$1,671
Median Rent
$507,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.97 acre commercially zoned lot, ideal for mixed-use development.
Where is this commercial land located?
The property is located at 646 Broadway Raynham, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Commercially zoned mixed‑use building lot.; Located on busy State Route 138.; .97 acre lot size.
