175 Mansfield AveNorton, MA 02766
- Retail properties
- 113,671 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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