2 New State HwyRaynham, MA 02767

  • Retail properties
  • 28,717 SF
For Lease

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
Property subtype
Other 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%
    $6,979,234
    6.5%
    $6,442,370
    7%
    $5,982,200
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,455,451
    Geo Method
    $9,455,451
  • Alternative Use

    Use
    Valuation
    Residential
    $5,434,380
    Hospitality
    $4,977,862
    Educational
    $4,141,523
    Medical
    $4,283,956
    Retail
    $6,442,370
2 New State Hwy, Raynham, Massachusetts

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

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
$39,888
$895,200
$1,480,500
$2,375,700
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-
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