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    OFF-MARKET
    Commercial real estate

    22 Cranberry Hwy, Rochester, MA 02770

    1.19 ac lot Built 2020
    Property ID
    Property summary
    AI-generated overview

    This exceptional opportunity presents four commercial pad sites for lease, ideally situated in front of a soon-to-be-completed 208-unit luxury apartment complex in Rochester, MA. Three sites enjoy high visibility on Route 28, while one offers a unique drive-thru potential facing Route 58. These pads are perfect for a variety of uses, including retail, commercial, restaurant, or office space. Each location benefits from ample adjacent parking. A build-to-suit option or ground lease is available to accommodate specific tenant needs. The asking price is $22 per square foot, triple net. The property boasts an enviable location at the intersection of Routes 495 and 195, providing unparalleled access and visibility. Its proximity to the Middleborough commuter rail station and the ease of access to Route 495 further enhance its appeal. The area offers a wealth of amenities, including a nearby courthouse, cinemas, and restaurants. Conveniently located just five minutes from Wareham Crossing and 25 minutes from Plymouth, this site is the last exit before the Cape Cod Connector. A significant advantage is the availability of prominent signage on Route 495, ensuring maximum brand exposure. Additional signage opportunities exist on both Route 28 and Route 58. The property sits on a 1.19-acre lot.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2020
    Lot 1.19 ac (51,836 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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