127 Marion Rd Wareham, MA 02571
- Commercial real estate
- 12.46 lot acres
Current Use by Public Records
- Redbox / Movie Rental Kiosk / Dvd Store
- Shaw's / Produce Market / Supermarket
- Western Union / Money Transfer Service
- Coinstar Kiosk - Bitcoin ATM / Atm / Currency Exchange Service
Property Details for 127 Marion Rd
- Lot size
- 12.46 lot acres
- Property type
- Commercial real estate
- APN
- WARE M:00060 B:000 L:000A1
- APU
- WAREM00060B000L000A1
Description
Wareham Plaza, located at 127 Marion Rd, Wareham, MA 02571, offers a unique opportunity for medical office tenants. This 100,890 square foot, multi-tenant property, built in 1962 and renovated in 2005, sits on a 12.42-acre lot and boasts 358 parking spaces. Currently zoned CS (Commercial Strip), the property enjoys a highly visible location on Route 6 (Marion Road), a major commercial artery connecting southeastern Massachusetts to Cape Cod. The plaza benefits from a signalized entrance providing direct access to the Route 6 commercial corridor at the intersection of Gibbs Road. This strategic location draws shoppers from a wide area, including affluent coastal communities. The property is grocery-anchored by Shaw's Supermarket and also includes tenants such as Aubuchon Hardware, Walgreens, and Salon Red, ensuring high foot traffic. A single available space of 5,773 square feet is currently available, representing a minimum divisible space and the maximum contiguous space. The property features ample parking, pylon signage, and excellent visibility from Route 6, making it ideal for a variety of businesses, including medical practices, retail establishments, and service providers. This is a rare opportunity to secure space in a thriving, well-established shopping center with strong existing tenancy and high visibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $845,000
- 6.5%
- $935,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $775,000
- Geo Method
- $955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $980,000
- Retail
- $860,000
- Mixed-Use
- $790,000
- Hospitality
- $785,000
- Educational
- $925,000
- Residential Income
- $985,000
- Energy
- $795,000
- Income-Based Land
- $870,000
- Food Service
- $940,000
Location Insight
- Map
- Local Demand
- City
- Wareham
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.7289
- Latitude
- 41.7595
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA