Commercial Kitchen with Finished Upper
New
For Sale
Contact for pricing
7R Cottage Street, Marion, MA 02738
A two-level commissary facility includes dedicated food-preparation and refrigeration areas.
Property Size1,460 SF
Price / SF$1.30
Days on Market3
Property Features for 7R Cottage Street
General Information
Standard status
Active
Size
1,460 SF
Property subtype
Commercial
Building Details
Year Built
1950
Stories
2
Listing Agency:
Converse Company Real Estate
(508) 748-0200
Listed By:
Kristin Feeney
(508) 259-3266
Source:
Lockandkeyre
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 2:59AM
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 Converse Company Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,460-square-foot commissary property is arranged across two finished levels. The ground floor contains a commercial kitchen, a separate prep room, walk-in refrigeration, and a full bathroom. An exterior staircase along the side of the building leads to the completed upper floor, which can accommodate office functions or dry-goods storage.
The property is at 7R Cottage Street in Marion Village, within walking distance of village retail, town amenities, Tabor Academy, and Island Wharf. Built in 1950, the building combines food-service infrastructure on its main floor with additional usable space above.
The property is at 7R Cottage Street in Marion Village, within walking distance of village retail, town amenities, Tabor Academy, and Island Wharf. Built in 1950, the building combines food-service infrastructure on its main floor with additional usable space above.
Key Highlights
- 1,460‑square‑foot commissary kitchen property
- Ground floor has a commercial kitchen, prep room, walk‑in refrigeration, and full bathroom
- Finished second floor reached by an exterior side staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,600
$310.6K
Cap Rate 7%
$221,857
$221.9K
Cap Rate 9%
$172,556
$172.6K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$23.5K $16.08/SF
− Vacancy
−$1.3K −$0.88/SF
EGI
$22.2K $15.20/SF
− OpEx
−$6.7K −$4.56/SF
NOI
$15.5K $10.64/SF
Area
Plymouth County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,600
Cap Rate 7%
$221,857
Cap Rate 9%
$172,556
Alternative Uses
Best Use
Specialty Retail
$385.5K
$337.3K – $449.8K
NOI $26,987 @ 7.0% cap · market cap 1,420.37%
Second Best
Industrial
$221.9K
$194.1K – $258.8K
NOI $15,530 @ 7.0% cap · market cap 817.37%
Theoretical Best
Office A
$864.3K
$756.3K – $1.01M
NOI $60,502 @ 7.0% cap · market cap 3,184.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
213
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - A two-level commissary facility includes dedicated food-preparation and refrigeration areas.
Where is this commercial kitchen located?
The property is located at 7R Cottage Street Marion, MA.
What are key features of this property?
This property features: 1,460‑square‑foot commissary kitchen property; Ground floor has a commercial kitchen, prep room, walk‑in refrigeration, and full bathroom; Finished second floor reached by an exterior side staircase
