50 Main StNorton, MA 02766

Property Details for 50 Main St

Year built

1957

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

2,696 SF

Property type

Retail properties

Property subtype

Retail space

APN

NORT M:23 P:24

APU

NORTM23P24

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $655,222

  6.5%

  $604,820

  7%

  $561,619

• Comparable approach

  Method

  Valuation

  Relative Method

  $887,694

  Geo Method

  $887,694

• Alternative Use

  Use

  Valuation

  Residential

  $510,189

  Hospitality

  $467,330

  Educational

  $388,813

  Medical

  $402,185

  Retail

  $604,820

Location Insight

City

Norton

County

Bristol

State

Massachusetts

Latitude

41.9643

Longitude

-71.1906

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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