Active
34 Days on market
1280 Main St Hanson — Photo 1 of 5

1280 Main St Hanson — Photo 1 of 5

$999,000

Investment Analysis — 1280 Main St

Hanson, MA 02341

Based on rent reported on the MLS listing, a home in 02341 carries $6,600/mo in gross rent — about a 4.57% cap rate and $45,699/yr in estimated NOI at the $999,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

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Baths

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SqFt

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Style

Other

Built

1984

Unique opportunity to own this 11k+ S/F retail/office building situated directly on Rte 27, only .5 mile from the Hanson Commuter Rail station. 3 levels of flexible space currently used for retail, restaurant, office and dance studio. Ample parking with 35+ parking spaces in the front and rear of the building, to support all levels. Lower level accessed from the rear parking lot, while the front foyer entry facing Rte 27 gives access to all floors through a shared foyer. Street level provides amazing retail space. Upper level ideal for offices. Excellent signage, with spaces available for all subdivided areas. Mixture of long term tenants currently in place, with additional vacant spaces available for an owner to operate their own business and allow the other tenants to offset their expenses. Possible opportunity to convert this building for other uses given its close proximity to public transportation. If you're looking for a property that provides you with flexibility for your own business, as well as an opportunity to rent out spaces to meet other small business needs - this is the perfect spot for you. Visibility, access and space. Reach out to discuss how this can meet your needs. Photos coming soon of interior spaces. *Floor plans depict initial layout of floors at construction. Some modifications have taken place with interior walls to adjust space.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$999,000
Annual Taxes$14,493

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
Water--
Sewer--

Building & Exterior

Construction--
RoofAsphalt/Composition Shingles
Foundation--
Zoning100

Property & Lot

Acres0.98
SqFt Lot42,732
Lot Features--

Geography

Listing Provided By

Listing Agent: Michael B. Guimares Jr.

Listing Office: Conway - Hanover

MLS® Number: 73561658