For Sale
$1,450,000

1517 Newman Ave Seekonk, MA 02771

Multi-tenant commercial property, high visibility location.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents Wishing Well Plaza, a multi-tenant commercial property situated on a substantial 34,238 square foot lot at 1517 Newman Avenue, Unit 8, Seekonk, MA 02771. The property boasts a prime location in the Bakers Four Corners area, at a well-lit intersection of Newman Avenue and Central Avenue, ensuring high visibility for tenants. Built in 1971 and renovated in 1985, the property comprises two single-story buildings totaling eight retail units. Each unit benefits from separate gas and electric meters, providing individual tenant control and cost efficiency. Ample on-site parking is available, accommodating 20 vehicles. The property is zoned LB and offers a diverse range of permitted uses, including commercial, storefront, daycare/nursery, religious/church, QSR/fast food, restaurant, bar, garage/parking, executive office, single-family rental portfolio, and salon/barbershop. Currently housing three tenants, this multi-tenant property presents a strong owner/user investment opportunity. The asking price is $1,450,000. This rare find has been under single ownership since its construction approximately 53 years ago.

Highlights

  • Exceptional investment opportunity: Multi-tenant commercial property in prime Seekonk, MA location.
  • 34,238 sq ft lot at 1517 Newman Ave, Unit 8, high visibility at well-lit intersection.
  • Two single-story buildings, eight retail units, built 1971, renovated 1985.
  • Separate gas & electric meters for each unit, 20 on-site parking spaces.
  • LB zoning allows diverse uses including retail, restaurant, office, and more.
  • $1,450,000 asking price, currently three tenants, under single ownership since 1971.

Property Details for 1517 Newman Ave

Property type
Specialty properties, Churches & religious facilities
Year Built/Renovated
1971/1985
Buildings
2
Stories
1
Units
1

Location Insight

City
Seekonk
County
Bristolma
State
Massachusetts
Latitude
41.8887317
Longitude
-71.3318883

FAQs

What type of property is this?
Specialty property - Multi-tenant commercial property, high visibility location.
Where is the specialty property located?
The property is located at 1517 Newman Ave Seekonk, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Multi-tenant commercial property in prime Seekonk, MA location.; 34,238 sq ft lot at 1517 Newman Ave, Unit 8, high visibility at well-lit intersection.; Two single-story buildings, eight retail units, built 1971, renovated 1985.
How can I contact the broker?
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1517 Newman Ave
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