127-129 Main StMansfield, MA 02048

Property Details for 127-129 Main St

Year built

1904

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

14,352 SF

Property type

Retail space

APN

MANS M:024 B:045

APU

MANSM024B045

Description

This exceptional office space, located within the historic Wheeler Building in Mansfield, offers a unique blend of traditional and creative office environments. Situated on the third floor, this single-tenant unit boasts approximately 550 to 600 square feet of usable space, perfect for a small business or professional practice. Built in 1904, the Wheeler Building retains its charm while offering modern convenience. All utilities are included in the rental price, simplifying budgeting and administration. The space shares two conveniently located public restrooms on the same floor. A smaller office space is also available on the third floor for those seeking alternative sizes. The building's prime location on North Main Street, between the North and South Common, provides unparalleled access to the heart of Mansfield. Enjoy close proximity to Mansfield Crossing, the commuter rail, and major roadways including Routes 106 and 140, as well as Interstates 95 and 495. This central location offers easy commutes and convenient access to a variety of amenities. The Wheeler Building presents a rare opportunity to secure a well-located, all-inclusive office space in a desirable Mansfield setting. This is a three-story building without elevators. The building is situated between the North and South Common, with Villa Street as a cross street.

• CAP approach

  CAP return

  Valuation

  6%

  $3,488,037

  6.5%

  $3,219,726

  7%

  $2,989,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,725,586

  Geo Method

  $4,725,586

• Alternative Use

  Use

  Valuation

  Residential

  $2,715,960

  Hospitality

  $2,487,804

  Educational

  $2,069,824

  Medical

  $2,141,008

  Retail

  $3,219,726

Location Insight

City

Mansfield

County

Bristol

State

Massachusetts

Latitude

42.0278

Longitude

-71.2174

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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