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Property profile & analytics
OFF-MARKET
Retail space

50 Main St 56 Norton, MA 02766-2713

2,696 SF 0.28 ac lot Built 1957
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0822225
Property summary
AI-generated overview

This exceptional Class A commercial property, located at 50 W. Main St. in Norton, Massachusetts, presents a unique opportunity for a coworking space or similar business. The 12,000 square foot lot, encompassing 0.28 acres, houses a single, one-story building constructed in 1940 and extensively renovated in 2024. The space offers approximately 1,200 square feet of immediately available, sunlit commercial space, perfect for a variety of uses. Recent renovations include two new ADA-compliant bathrooms, reflecting a commitment to modern accessibility. The property boasts a highly desirable Main Street location, ensuring high visibility and significant foot traffic. Its corner lot provides ample parking with seven total spaces. The convenient location is also proximate to colleges, a high school, and downtown Norton. The lease is a NNN lease, meaning the tenant is responsible for their pro-rata share of property taxes, water and sewer, landscaping, snow removal, and insurance. This property is part of a larger commercial plaza currently undergoing complete renovations, ensuring a modern and attractive environment. The building features no elevators. This is an ideal opportunity for businesses seeking a vibrant, well-located, and recently renovated space in a thriving community. The property is zoned for retail, office, and special purpose uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Construction FRAME
Total area 2,696 SF
Lot 0.28 ac (12,053 SF)
APN NORT M:23 P:24
UPID US38-0822225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pellaz LLC · 1 yrs held
Pellaz LLC
since 2024
2 recorded transactions
2024
$480,000
2005
$1
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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