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Property profile & analytics
FOR LEASE
Retail space

165 Westgate Dr Brockton, MA 02301

2,600 SF 2.14 ac lot Built 1988
Individually Owned 21-yr Hold Free & Clear
Property ID
US38-1580715
Property summary
AI-generated overview

This exceptional retail opportunity is located at 165 Westgate Drive in Brockton, Massachusetts, 02301. The property is a Class B, multi-tenant strip center totaling 26,000 square feet. Two spaces are currently available, offering flexible options for businesses of varying sizes. One space is a 3,462 square foot endcap unit, while the other is a 2,000 square foot inline unit. The center enjoys a highly visible location directly across from the expansive 600,000 square foot Westgate Mall, which boasts prominent anchor tenants such as Market Basket, Chick-fil-A, and Starbucks. This strategic positioning ensures high foot traffic and excellent visibility for prospective tenants. Its convenient proximity to major roadways provides easy accessibility for customers and employees alike. The property's prime location and high traffic volume make it an ideal retail destination, attracting both local residents and businesses. This presents a unique opportunity for businesses seeking a thriving retail environment in a bustling commercial area. The property offers significant potential for growth and profitability due to its strategic location and the high volume of traffic generated by the adjacent mall.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Total area 2,600 SF
Lot 2.14 ac (93,218 SF)
Zoning code C2
APN BROC M:032 R:032 S:
UPID US38-1580715
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
Current use
Occupant on record · Public records
  • Tarun Jhamb Dental Office
  • Block Advisors Tax Preparation
  • US Marine Corps Recruiting Military Recruiting Office
  • US Navy Enlisted Recruiting Military Recruiting Office
  • Collins Surgical Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
$570k
Comparable Approach Comparable
$677k
Blend (final) Blend
$540k
Owner & transaction history
Philip C Nessrall · 21 yrs held
Philip C Nessrall
since 2005
7 recorded transactions
2005
$2,650
2005
$1
2005
Price N/A
2003
Price N/A
1998
Price N/A
1997
Price N/A
1994
Price N/A
Zoning & alternative use
C2 · Brockton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Office building $855,000 +105.3%
Auto repair, garage $630,000 +50.6%
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More about this property
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