1517 Newman AveSeekonk, MA 02771

Property Details for 1517 Newman Ave

Year built

1984

Lot size

0.79 AC

Property size (Sq ft)

7,592 SF

Zone code

LB

Property type

Super regional malls

APN

SEEK M:0290 B:0000 L:00650

APU

SEEKM0290B0000L00650

Description

This exceptional commercial investment opportunity presents two buildings totaling approximately 7,592 square feet situated on a 0.79-acre lot at a prime Seekonk location—the Bakers Four Corners intersection of Newman Avenue and Central Avenue. Built approximately 53 years ago by the original owner, this property offers eight individual retail units, each equipped with separate gas and electric meters, providing tenants with independent utility control and cost management. The front building encompasses roughly 3,536 square feet and is divided into three tenant spaces, while the rear building offers approximately 4,056 square feet, subdivided into five tenant spaces. The property benefits from high visibility due to its strategic location at a well-trafficked intersection, ensuring significant exposure for tenants. Ample on-site parking is available for both tenants and customers, enhancing convenience and accessibility. This rare offering presents a unique chance to acquire a well-established, multi-tenant commercial property with significant potential for long-term income generation and appreciation. The property's established tenant base and prime location make it an attractive investment for both seasoned and emerging commercial real estate investors. The individual unit layouts and lease terms are available upon request. This is a truly exceptional opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,845,121

  6.5%

  $1,703,189

  7%

  $1,581,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,499,766

  Geo Method

  $2,499,766

• Alternative Use

  Use

  Valuation

  Residential

  $1,436,703

  Hospitality

  $1,316,012

  Educational

  $1,094,907

  Medical

  $1,132,562

  Retail

  $1,703,189

Location Insight

City

Seekonk

County

Bristol

State

Massachusetts

Latitude

41.8887

Longitude

-71.3318

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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