266 Slades Ferry Ave Somerset, MA 02726

1,196 SF 0.21 ac lot Built 1948

Entity Owned 1-yr Hold Free & Clear

Property ID

US38-0131978

$625,000 1,196 SF

266 Slades Ferry Ave, Somerset, MA 02726
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This exceptional 0.52-acre commercial lot at 266 Slades Ferry Ave, Somerset, MA, presents a remarkable opportunity for high-impact business development. Situated on a major intersection with a four-way traffic light on Route 6, this property boasts unparalleled visibility and accessibility. The site has already been graded and prepared for immediate construction, eliminating significant upfront development costs. Currently zoned as limited business, the property is also subject to the Slades Ferry District by-law 9.5.5 use regulations (reviewable on the Town of Somerset website). This by-law allows for mixed-use development, potentially incorporating commercial space on the lower levels and residential units above, as illustrated in a provided concept plan. Alternatively, a zoning change application could revert the property to a standard business zone. The lot features four existing curb cuts, along with readily available town water, sewer, and gas services. While public parking is located approximately 600 feet away, the property's strategic location within a thriving commercial area, surrounded by established businesses such as Starbucks, Home Depot, Dunkin' Donuts, Kentucky Fried Chicken, Sonic, hotels, and Stop & Shop, ensures high foot and vehicle traffic. The owner is open to both outright sale at $799,000 or a land lease arrangement, offering flexibility to suit various investment strategies.