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    266 Slades Ferry Ave Somerset, MA 02726

    Sponsored
    For Sale
    $799,000

    Prime Commercial Land, Ready to Build

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 0.52-acre commercial lot at 266 Slades Ferry Ave, Somerset, MA, presents a remarkable opportunity for high-impact business development. Situated on a major intersection with a four-way traffic light on Route 6, this property boasts unparalleled visibility and accessibility. The site has already been graded and prepared for immediate construction, eliminating significant upfront development costs. Currently zoned as limited business, the property is also subject to the Slades Ferry District by-law 9.5.5 use regulations (reviewable on the Town of Somerset website). This by-law allows for mixed-use development, potentially incorporating commercial space on the lower levels and residential units above, as illustrated in a provided concept plan. Alternatively, a zoning change application could revert the property to a standard business zone. The lot features four existing curb cuts, along with readily available town water, sewer, and gas services. While public parking is located approximately 600 feet away, the property's strategic location within a thriving commercial area, surrounded by established businesses such as Starbucks, Home Depot, Dunkin' Donuts, Kentucky Fried Chicken, Sonic, hotels, and Stop & Shop, ensures high foot and vehicle traffic. The owner is open to both outright sale at $799,000 or a land lease arrangement, offering flexibility to suit various investment strategies.

    Property Features for 266 Slades Ferry Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1948
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.16106
    Latitude
    41.72809

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land, Ready to Build
    Where is this commercial real estate located?
    The property is located at 266 Slades Ferry Ave Somerset, MA.
    What is the asking price?
    The asking price for this property is $799,000.
    (508) 728-0310
    Request Owner's contact information
    266 Slades Ferry Ave Somerset, MA 02726
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    Somerset, MA 02726
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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
    266 Slades Ferry Ave Somerset, MA 02726
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