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    1517 Newman Ave Seekonk, MA 02771

    Sponsored
    For Sale
    $1,450,000

    Eight Retail Units, High Visibility Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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.

    Property Features for 1517 Newman Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    34,412 SF

    Building Details

    Year Built
    1971
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seekonk
    County
    Bristolma
    State
    Massachusetts
    Longitude
    -71.33154
    Latitude
    41.88857

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    FAQs

    What type of property is this?
    Commercial real estate - Eight Retail Units, High Visibility Location
    Where is this commercial real estate located?
    The property is located at 1517 Newman Ave Seekonk, MA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (401) 276-8300
    Request Owner's contact information
    1517 Newman Ave Seekonk, MA 02771
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    Seekonk, MA 02771
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1517 Newman Ave Seekonk, MA 02771
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