Technical
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Property profile

295 Fruit St Mansfield, MA 02048

OFF-MARKET
Commercial real estate
Built 2023
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Property summary

AI-generated overview

This exceptional 6400-square-foot hangar, located at 295 Fruit Street in Mansfield, MA's Municipal Airport, presents a unique investment opportunity. Precision-fabricated from ASTM structural steel, this post-and-beam structure boasts an impressive 80' x 80' footprint. The hangar features a robust steel-webbed bridge truss over the door opening, ensuring superior durability and rigidity. Access is provided by an 8-ton, self-latching electric door with an 18' clear height and a generous 65' wide opening. Two convenient side entries enhance functionality. The concrete floor includes a substantial 20' x 80' underlaying concrete pad, perfectly suited for a future mezzanine buildout. Walls extend from floor to ceiling, providing complete protection and coverage. The building is well-insulated, featuring 6 inches of fiberglass insulation in both the roof and walls, and is equipped with gas heat. A full bathroom with an oversized sink adds convenience. Electrical outlets are conveniently located throughout the hangar, and both indoor and outdoor water spigots are provided. Ample parking is available. This property offers access to all the security and amenities of Mansfield Municipal Airport, plus exclusive benefits. As part of a condo association with a 60-year lease, owners enjoy access to a private lounge area and restrooms, separate from the airport's public facilities and always available to condo owners. The property enjoys excellent access to major roadways, being just 4 minutes from Route 495, 9 minutes from Route 95, and 40 minutes from Boston.

Property profile

Verified
Property type Commercial real estate
Year built 2023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

295 Fruit St Mansfield, MA 02048
Mansfield metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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