175 Mansfield AveNorton, MA 02766

  • Retail properties
  • 113,671 SF
For Lease

Property Details for 175 Mansfield Ave

Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
13.13 AC
Property size (Sq ft)
113,671 SF
Property type
Retail properties
Property subtype
Super regional malls
APN
NORT M:9 P:265
APU
NORTM9P265

Description

This exceptional retail opportunity presents 78,788 square feet of vacant space within the established Greatwoods Marketplace shopping center in Norton, Massachusetts. Located at 175 Mansfield Avenue, this property boasts a prime location in Bristol County, conveniently situated near the intersection of Mansfield Avenue and Smith Street. The center enjoys high visibility and accessibility, benefiting from its proximity to Wheaton College and the Tweeter Center. The available space is highly divisible, with a minimum leasable area of 1,206 square feet and a maximum contiguous space of 46,167 square feet, offering flexibility for a variety of retail concepts. The property sits on a substantial 120,827 square foot lot. Strong anchor tenants include Planet Fitness and Dollar Tree, with a fully equipped grocery store space soon to become available. Other national tenants in the center include McDonald's and Dunkin' Donuts (note: these are not owned by the property). This location offers excellent exposure to a significant customer base in a thriving retail environment. The property is ideally situated northeast of Providence, Rhode Island, and south of Mansfield Municipal Airport, providing convenient access for both customers and employees. This is a rare opportunity to secure a substantial retail presence in a well-established and highly visible shopping center. The flexible space options make this an ideal location for a variety of retail businesses seeking a strong foothold in the Norton market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $27,626,022
    6.5%
    $25,500,942
    7%
    $23,679,446
  • Comparable approach

    Method
    Valuation
    Relative Method
    $37,427,676
    Geo Method
    $37,427,676
  • Alternative Use

    Use
    Valuation
    Residential
    $21,511,000
    Hospitality
    $19,703,960
    Educational
    $16,393,463
    Medical
    $16,957,260
    Retail
    $25,500,942
175 Mansfield Ave, Norton, Massachusetts

Location Insight

City
Norton
County
Bristol
State
Massachusetts
Latitude
41.9823
Longitude
-71.209
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$120,683
$2,977,600
$5,742,300
$8,719,900
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