1517 Newman Ave Seekonk, MA 02771
- Super regional malls
- 7,592 SF
- 0.79 lot acres
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $650,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $640,000
- Retail
- $615,000
- Mixed-Use
- $575,000
- Hospitality
- $490,000
- Educational
- $510,000
- Residential Income
- $655,000
- Energy
- $495,000
- Income-Based Land
- $545,000
- Food Service
- $545,000
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