1302 Cranberry Hwy Rochester, MA 02576
This exceptional 30,140 square foot commercial land parcel presents a remarkable investment opportunity in Wareham, Massachusetts. Located at 1302 Cranberry Highway (Route 28), this property boasts unparalleled visibility due to its position on a primary arterial road. The permitted Highway Business zoning allows for a wide range of commercial uses, making it ideal for various businesses. The site benefits from town sewer access and convenient curb cuts at the intersection of Routes 6 and 28 and Red Brook Road, ensuring easy access and high traffic flow. Significant multi-million dollar road improvements have recently been completed by the Massachusetts Department of Transportation (MassDOT), further enhancing the site's accessibility and appeal. The property's strategic location is further amplified by its proximity to a new development of 150 apartments, creating a strong potential customer base. This high-visibility location, coupled with its convenient access and zoning, makes this a truly exceptional opportunity for developers and investors seeking a prime commercial site in a thriving area. The asking price is $795,000. The property is zoned for Highway Business use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.