Mixed-Use Retail and Apartment
958 Main Street Warren, MA 01083
958 Main Street, Warren, MA, 01083
$350,000
For Sale
$350,000
Main-street building with ground-floor retail and a furnished one-bedroom apartment above, offering owner-occupant or rental income potential.
Property Size3,357 SF
Price / SF$104.26
Days on Market368
Property Features for 958 Main Street
General Information
- Standard status
- Active
- Size
- 3,357 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1880
Listing agency
Century 21 North East
Listed by
Kristy Riendeau
(617) 680-0690
Source
Inrealtyinc
Added: Jul 20, 2025 Updated: Jul 22 at 9:26AM Checked: Jul 22 at 9:26AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This mixed-use building combines a ground-floor commercial space with a furnished one-bedroom apartment upstairs. The retail level features a bright, open layout with large display windows, durable flooring, and a flexible floor configuration intended to support a variety of business uses. Upstairs, the residence includes a spacious living area, an updated kitchen with full appliances, a comfortable bedroom with storage, and a well-appointed bathroom.
Located at 958 Main Street in Warren, MA, the property benefits from main-road visibility and convenient access. The commercial portion includes strong street-facing frontage and is designed for both foot and vehicle traffic.
With its separation of commercial and residential areas, the property can support an owner-operator live-work setup or function as an income-producing asset with the apartment available for immediate rental or owner occupancy.
Located at 958 Main Street in Warren, MA, the property benefits from main-road visibility and convenient access. The commercial portion includes strong street-facing frontage and is designed for both foot and vehicle traffic.
With its separation of commercial and residential areas, the property can support an owner-operator live-work setup or function as an income-producing asset with the apartment available for immediate rental or owner occupancy.
Key Highlights
- Mixed‑use building built in 1880 with ground‑floor commercial space and a furnished 1‑bedroom apartment above
- Ground floor features a bright, open commercial area with large display windows and durable flooring
- Flexible ground‑floor layout with strong street frontage for customizing the commercial space
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $15.60 |
| − Vacancy | −$3.9k | −$1.17 |
| EGI | $48.4k | $14.43 |
| − OpEx | −$18.2k | −$5.41 |
| NOI | $30.3k | $9.02 |
3,357 SF · lease $15.60/SF/yr · vacancy 7.50% · expense 37.50%
Alternative Uses
Best Use
Office B
$874.0K
$764.8K – $1.02M
NOI $61,181 @ 7.0% cap · market cap 17.48%
Second Best
Retail
$709.2K
$620.5K – $827.4K
NOI $49,641 @ 7.0% cap · market cap 14.18%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,246 @ 7.0% cap · market cap 22.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Main-street building with ground-floor retail and a furnished one-bedroom apartment above, offering owner-occupant or rental income potential.
Where is this live-work space located?
The property is located at 958 Main Street Warren, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Mixed‑use building built in 1880 with ground‑floor commercial space and a furnished 1‑bedroom apartment above; Ground floor features a bright, open commercial area with large display windows and durable flooring; Flexible ground‑floor layout with strong street frontage for customizing the commercial space
