Leasing Or Buying Retail Sites in Avon: A Great Idea!

This small town sits in Norfolk County, Massachusetts four miles north of populous Brockton and just two miles south of Randolph (a city of over 32,000). Located along Road 28, this enclave of fewer than 5,000 residents appears well-situated to enjoy significant growth in the future! It stands just seven miles south of Interstate 93, a part of the beltway partially encircling suburbs of the City of Boston. Road 24, an important north-south transportation artery, lies only two miles to the west.

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Retail Space

Retailers seeking properties within this likely growth corridor may choose to consider retail sites here. The population in the town and its environs has grown large enough to support many different types of storefronts. Additionally, the community benefits from a high volume of roadway traffic, an important business generator for many types of retail operations.

The Neighborhood Here

While still too small in population size to maintain distinctive neighborhoods, some locations within the town have attracted retailers. Popular areas include roadway frontage along Road 28 and frontage points leading to Road 24. Commercial developments have arisen on both sides of these roadways. The arrival of some large retail outlets has sparked the creation of a number of satellite locations for other businesses.

With its position between two growing Massachusetts cities, this community will likely continue expanding during coming years. Additional retail sites may arise as the population increases. The town of Holbrook on the northeast has recently expanded south and now adjoins this enclave along the east. This change may soon lead to the development of additional retail centers on several roads intersecting Road 28.

Leasing Avon Retail Space

Today retail businesses frequently choose to lease their facilities. This process usually involves extensive negotiations between a landlord and the prospective tenant. Most commercial agreements require tenants to pay rent in advance and to make a security deposit. Yet leasing realty usually proves less costly than purchasing it.

One advantage of leasing retail sites involves the ability of a commercial tenant to avoid some types of development expenses. For instance, property owners, not tenants, must typically pay special assessments charge for roadway and infrastructure construction within a local area. When substantial growth occurs within a small community, planners sometimes require these payments in order to cover the cost of rapid expansion. Tenants often benefit from special assessment projects, which may ultimately increase customer access to a retail location or improve other infrastructure aspects.

Purchasing Retail Property in This Community

Many businesses today prefer to buy retail sites. Taking this step also holds important advantages. By investing in its facilities, a company may gain a valuable business asset. The retailer typically benefits from appreciation within the local realty marketplace. Owning, as opposed to renting, usually enhances the company's ability to make renovations and improvements, as well. While the firm will still need to comply with local building codes and planning regulations, it usually obtains greater latitude with respect to implementing site changes.

For example, when a retailer owns a large retail location, it may choose to divide its building to create additional sites for tenants. The company will often benefit from the efforts its retail tenants make to generate additional business. In some situations, tenants and landlord retailers combine their resources to conduct promotional events, for example. These types of marketing activities may greatly benefit a real estate owner who also conducts business in the location.

Listing Retail Space For Lease or Sale

Do you currently own property in the Avon area which you have considered placing on the commercial real estate market? The sale of retail locations and facilities remains a highly specialized field. Sellers may benefit significantly by obtaining experienced, skilled marketing assistance from a full time real estate firm such as Boston City Properties.

In some cases, sellers choose to market commercial realty based mainly upon land values. In other situations, the structures and features of a storefront will also interest a prospective buyer. A seller may face difficult decisions. Should the seller lease the property or sell it? Would subdividing the property prior to a sale generate additional income? What tax implications exist for a commercial real estate seller within a local marketplace? All these considerations, and more, may impact selling and leasing decisions and affect the long term returns a retailer receives from leasing or selling a commercial listing.

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Retail Space