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8 Unit Mixed-Use Building 94-104 N Main St 14,075 SF 100% Leased Retail Building Mansfield, MA 02048 $3,295,000 ($234.10/SF) 6.45% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime downtown property featuring 8 total units – street-level commercial with residential above.
- Value-add potential
- Immediate access to I-95 and I-495, only 6 miles from Mansfield Municipal Airport.
- Fully Stabilized, Mixed-Use Asset
- Less than ½ mile to MBTA Commuter Rail – direct access to Boston and Providence.
EXECUTIVE SUMMARY
MINQ Property Group is pleased to present an opportunity to acquire a fully stabilized, mixed-use asset located in Downtown Mansfield. 94-104 N Main Street features 8 total units currently comprised of street-level commercial and residential above allowing a flexible mix of floorplans. Ample parking both on-site and via the adjacent municipal lot. Local zoning may allow for expansion, with an allowable FAR of 1.5, providing the possibility to significantly increase leasable area. Strategically located in the heart of Mansfield’s downtown commercial district less than ½ mile to the MBTA commuter rail offering service to Boston (North) and Providence (South). The property allows excellent access to major routes including Interstates 95/495 and close proximity to major retailers providing endless options for dining, entertainment and services. The Xfinity Center is located 3 miles away, Gillette Stadium is within 7 miles and Mansfield municipal airport is located 6 miles away. 94-104 N Main Street provides the investor with an excellent opportunity to acquire a performing asset with value-add benefits via cosmetic upgrades and potential expansion. Qualified investors will be given an opportunity to tour the property. Tours and a Call for Offers to be announced.
DATA ROOM Click Here to Access
- Offering Memorandum
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
14,075 SF
Building Class
C
Year Built
1900
Price
$3,295,000
Price Per SF
$234.10
Cap Rate
6.45%
NOI
$212,552
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.33 AC
Parking
9 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
68’ on Main St
Walk Score®
Very Walkable (81)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
8,933
32,202
75,805
152,449
2029 Population
8,908
31,991
75,515
156,096
2024-2029 Projected Population Growth
-0.3%
-0.7%
-0.4%
2.4%
Median Age
39.5
41.0
41.6
42.3
College Degree + Higher
46%
50%
50%
31%
Daytime Employees
5,086
18,340
31,749
78,183
Total Businesses
593
1,596
3,345
8,029
Average Household Income
$123,424
$140,814
$143,726
$144,874
Median Household Income
$94,735
$113,236
$117,489
$118,954
Total Consumer Spending
$136.6M
$509.5M
$1.2B
$2.4B
2024 Households
3,770
12,519
28,181
56,956
Average Home Value
$538,493
$585,369
$583,537
$579,155
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MANS-000023-000000-000197 | Improvements Assessment | $584,300 |
| Land Assessment | $250,100 | Total Assessment | $834,400 |
PROPERTY TAXES
Parcel Number
MANS-000023-000000-000197
Land Assessment
$250,100
Improvements Assessment
$584,300
Total Assessment
$834,400
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8 Unit Mixed-Use Building | 94-104 N Main St
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