Property profile

18 Main St Townsend, MA 01469

OFF-MARKET
Commercial real estate
Property ID
US38-1647283
11.62 ac lot
Entity Owned 32-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Harbor Village, a 99,707 square foot shopping center in Townsend, MA (01469), offers multiple retail spaces for lease. Located at 18 Main St, this Outlying Commercial zoned property boasts 16.36 acres and 425 parking spaces. Spaces range from 1,055 to 5,430 contiguous square feet, ideal for a variety of businesses. The center features a strong tenant mix, including a Hannaford Supermarket, Planet Fitness, Walgreens, a renovated McDonald's, Bailey's Bar & Grille, and Verizon. Its prime location across from North Middlesex Regional High School ensures high visibility and foot traffic. A planned Starbucks further enhances the center's appeal. Built in 1986, Harbor Village provides a well-established environment for new businesses to thrive within a thriving community. The center's success is driven by its position as the primary retail destination in the immediate area, attracting a diverse customer base. This presents a unique opportunity to establish or expand your business in a high-traffic, well-established shopping center with a strong anchor tenant and a diverse range of existing businesses. The property offers excellent visibility and accessibility, making it an attractive location for businesses seeking a strong presence in the Townsend market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 11.62 ac (506,167 SF)
Zoning code OCD
APN TOWN M:0041 B:0004 L:0000
UPID US38-1647283

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Medical Group
  • Physician
  • Restaurant

Location

18 Main St Townsend, MA 01469-1300
Townsend metro Census 301102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 1993
3 recorded transactions
1994
Price N/A
1993
$5.0M
1969
Price N/A

Zoning & alternative use

OCD · Townsend, MA
Zoning description

Outlying Commercial District (OCD). [Added 1-17-1989 STM by Art. 30] A. Purpose. The Outlying Commercial District is designed to accommodate the widest range of permitted commercial activities. B. OCD permitted uses: (1)…

General category COMMERCIAL

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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