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Property profile & analytics

1517 Newman Ave Seekonk, MA 02771

  • Super regional malls
  • 7,592 SF
  • 0.79 lot acres
For Sale
Last Sale
Oct 28, 2021
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US38-1055110
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Super regional malls

Property Details for 1517 Newman Ave

Year built
1984
Lot size
0.79 lot acres
Property size
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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $465,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $296,000
    Market price range: $95.7k - $555k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Seekonk
County
Bristol
State
Massachusetts
Longitude
-71.3318
Latitude
41.8887
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
$18,931
$304,800
$405,300
$710,100
-
$0.00
$0.00
$0.00
More about this property
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