165 Westgate DrBrockton, MA 02301

Property Details for 165 Westgate Dr

Year built

1988

Lot size

2.14 AC

Property size (Sq ft)

2,600 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

BROC M:032 R:032 S:

APU

BROCM032R032S

Description

This exceptional retail opportunity is located at 165 Westgate Drive in Brockton, Massachusetts, 02301. The property is a Class B, multi-tenant strip center totaling 26,000 square feet. Two spaces are currently available, offering flexible options for businesses of varying sizes. One space is a 3,462 square foot endcap unit, while the other is a 2,000 square foot inline unit. The center enjoys a highly visible location directly across from the expansive 600,000 square foot Westgate Mall, which boasts prominent anchor tenants such as Market Basket, Chick-fil-A, and Starbucks. This strategic positioning ensures high foot traffic and excellent visibility for prospective tenants. Its convenient proximity to major roadways provides easy accessibility for customers and employees alike. The property's prime location and high traffic volume make it an ideal retail destination, attracting both local residents and businesses. This presents a unique opportunity for businesses seeking a thriving retail environment in a bustling commercial area. The property offers significant potential for growth and profitability due to its strategic location and the high volume of traffic generated by the adjacent mall.

• CAP approach

  CAP return

  Valuation

  6%

  $631,891

  6.5%

  $583,284

  7%

  $541,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,084

  Geo Method

  $856,084

• Alternative Use

  Use

  Valuation

  Residential

  $492,022

  Hospitality

  $450,689

  Educational

  $374,968

  Medical

  $387,864

  Retail

  $583,284

Location Insight

City

Brockton

County

Plymouth

State

Massachusetts

Latitude

42.0939

Longitude

-71.0502

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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