175 Mansfield AveNorton, MA 02766

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $21,502,900

  6.5%

  $19,848,800

  7%

  $18,431,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,446,300

  Geo Method

  $15,446,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $38,707,200

  Mixed-Use / Specialty

  $19,778,100

  Hospitality / Lodging

  $14,510,600

  Office

  $19,660,600

  Institutional / Educational

  $20,561,200

  Residential Income

  $24,056,700

  Multifamily

  $28,852,200

  Automotive / Energy

  $17,623,900

  Parking / Income-Based Land

  $6,081,800

  Restaurant / Food Service

  $10,286,700

  Healthcare / Senior Housing

  $20,282,100

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

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