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Property profile & analytics
OFF-MARKET Estimated value $2,210,000
Super regional malls

700 Main St Sharon, MA 02067-2841

104,221 SF 11.99 ac lot Built 1964
Entity Owned 7-yr Hold Free & Clear
Property ID
US38-1183698
Property summary
AI-generated overview

This exceptional 103,420 square foot retail center, situated on 9.94 acres at the I-95/South Main Street interchange in Sharon, MA (02067), presents a unique investment opportunity. Built in 1964 and renovated in 2019, the property boasts two single-story buildings with 11 suites, offering 5,000 square feet of immediately available space in various sizes ranging from 1,000 to 5,000 square feet. The center features 519 parking spaces and is conveniently located near the I-95 SW Cross Street. Strong anchor tenants include Shaw's, Liquor World, KinderCare, Dollar Tree, and Citizens Bank, ensuring a consistent flow of customers. The property is zoned BD-B and benefits from a high median household income of $143,000. Its strategic location within the I-95 Corridor South, specifically the Route 495 South submarket cluster, provides excellent visibility and accessibility. Furthermore, its adjacency to the future Sharon Gallery development, including a Costco and over 400 residential units, promises significant future growth and increased foot traffic. This Class B property offers a compelling blend of established tenancy and exciting future potential.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 104,221 SF
Lot 11.99 ac (522,284 SF)
APN SHAR M:037 B:005 L:000
UPID US38-1183698
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.21M
Owner & transaction history
700 Main Street LLC · 7 yrs held
700 Main Street LLC
since 2018
6 recorded transactions
2021
Price N/A
2018
$5.9M
2005
$7.3M
2005
$1
2003
$7.3M
1998
$3,800
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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