2 New State HwyRaynham, MA 02767
- Retail properties
- 28,717 SF
Property Details for 2 New State Hwy
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.63 AC
- Property size (Sq ft)
- 28,717 SF
- Property type
- Retail properties
- APN
- RAYN M:14 B:1 L:0
- APU
- RAYNM14B1L0
Description
This exceptional retail property, located at 2 New State Highway in Raynham, Massachusetts, offers a prime opportunity for businesses seeking high visibility and accessibility. The building boasts a total of 28,780 square feet, with 11,780 square feet currently available for lease. This sizable space presents a versatile canvas for a variety of retail concepts. The property is situated within the primary shopping district serving both Raynham and Taunton, ensuring a robust customer base. Its prominent frontage on Route 44 guarantees exceptional exposure to a high volume of daily traffic. Ample parking is provided with 120 spaces available for customers and employees. The property is classified as a multi-tenant building, offering a dynamic and collaborative environment. The property is located in Bristol County, Massachusetts, with a zip code of 02767. This location offers easy access to major transportation routes, making it convenient for both customers and employees. The available space presents a unique chance to establish or expand a retail presence in a thriving commercial area. This is an excellent opportunity to capitalize on a high-traffic location and strong regional demographics.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,432,340
- 6.5%
- $5,014,470
- 7%
- $4,656,290
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,902,250
- Geo Method
- $3,902,250
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $9,778,700
- Mixed-Use / Specialty
- $4,996,590
- Hospitality / Lodging
- $3,665,840
- Office
- $4,966,910
- Institutional / Educational
- $5,194,440
- Residential Income
- $6,077,490
- Multifamily
- $7,289,020
- Automotive / Energy
- $4,452,380
- Parking / Income-Based Land
- $1,536,460
- Restaurant / Food Service
- $2,598,760
- Healthcare / Senior Housing
- $5,123,910
Location Insight
- City
- Raynham
- County
- Bristol
- State
- Massachusetts
- Latitude
- 41.9061
- Longitude
- -71.0648
- 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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