297 Main St, Monson, MA 01057-1306
This unique mixed-use property, situated at 297 Main Street in Monson, Massachusetts, presents a compelling investment opportunity. Located on a 0.66-acre lot at the corner of Main and Bliss Streets, this building enjoys high visibility and convenient access to downtown Monson and Route 32. Formerly a church, the structure offers approximately 2,250 square feet of space, currently configured as commercial space on the first floor, a one-bedroom apartment on the second floor, and a partially finished basement. The property benefits from a sizable parking area, a significant advantage in this location. Previous approvals have been secured for a dental practice, providing a clear path for a specific use, although the property's versatility allows for a range of reconfiguration options to suit various multi-tenant needs. Its proximity to the Connecticut border adds to its strategic appeal. This property is priced at $225,000 and offers significant potential for renovation and redevelopment, making it an attractive proposition for investors seeking a multi-use property in a desirable location. The building's history and existing infrastructure provide a solid foundation for a variety of commercial and residential uses. The large parking area is a key feature, enhancing the property's appeal to potential tenants. This is a rare opportunity to acquire a well-located mixed-use building with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
CC · Monson, MAMonson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.