Halifax, MA Commercial Real Estate for Sale and Lease
Located in Plymouth County near the East and West Monponsett Ponds near the municipality of Hanson, this town of 7,518 people offers a variety of different real estate opportunities for the savvy investor. Whether new entrepreneurs are looking to buy up or lease retail and storage space, or perhaps would like to open up a new office, the area, which was incorporated in 1734 and includes 16.2 square miles of land, offers ample spaces for new investors. The town is easily accessible to business traffic; Route 106 and Route 58 run directly through the burg. Additionally, Route 58 crosses the picturesque East and West ponds, not only making it easier to get to the city-managed West Monponsett Beach, but also creating an attractive thoroughfare that increases the overall value of the properties in this area. The Burrage Pond Wildlife Management Area, which includes 1,625 acres of publicly accessible green space and can function as a tourist attraction during hunting season, abridges the town’s border. This green space area also boasts a cedar forest and several native swamps.
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In addition to the routes for automobile transportation, the MBTA Kingston-Route 3, which is a commuter rail service with service to South Station in Boston, goes through the northeastern section of the area. Although there is no airport or even dedicated air strip, East Monponsett Pond occasionally serves as the site of seaplane landings. Investors may find this town particularly desirable because of its physical sustainability and urban fabric. In addition to having its own fire and police departments, the town operates its own ambulance service, and boasts a fully functional public library and post office in its center.
Several plots of land that are classified as commercial are currently available for development, including a 1.10 acre plot at 327 Plymouth Street, and a 8.7 acre lot at 316 Plymouth Street. The 4.41 acre commercially zoned plot located at 450 Industrial Drive had a list price of $499,000. The somewhat smaller but still ideally located 1.4 acre plot of commercially zoned land at 305 Plymouth Street was also recently for sale for an undisclosed sum. The 1.30 acre commercially zoned lot at 266 Monponsett had a sale listing price of $495,000. Many of the structures currently built in the town have two stories and adjacent parking lots.
Office Space Market
Several properties that feature office space are either on the market or likely to be open to bids from entrepreneurs and other investors. 416-434 Plymouth Street, which encompasses two discrete spaces with a total of 25,714 square feet, is classified as both storefront retail and office space. The property includes an ample outdoor canopy that faces the adjacent parking lot, which is lined with meticulously landscaped shrubbery and trees. Currently, the price to rent this property works out to about 83 cents a square foot per month.
Based on its locale and the number of thriving retail spaces currently in operation, this town has enormous promise in terms of future development of office space. Residents currently enjoy being able to shop in their own neighborhood, and this firm economic backbone only bolsters the potential for new growth of businesses that attract office workers.
Currently, the number of property types and their relative proximity and size has encouraged many property lease holders and owners to carve out small sections of office space within their retail spaces. The fact that the town is linked to major public transportation in the form of the adjacent MBTA commuter rail line makes it an excellent investment opportunity for forward thinking entrepreneurs who want to build office space now that will only dramatically increase in value.
Retail Space Market
This area has a multitude of retail spaces for lease and ownership possibilities located near or in the center of the town. 271-292 Plymouth Street is a 10,500 square foot building classified as general retail. It is located within very close proximity to a gas station, making it a potential source for frequent foot traffic and out of town visitors who, while stopping to refuel their vehicle, may decide to patronize the space.
284 Monponsett Street is a 20,000 square foot building classified as general retail with a slate gray color scheme and a two-story appearance, with multiple peaked gables and a pleasing array of large, airy windows. A recently paved parking lot is located directly in front of the structure, and a columned portico along the front of the building has a large white space for custom business signage. The estimated lease price for this structure is $1.82 per square foot a month.
300 Plymouth Street is also classified as general retail, with a sub-type classification of “freestanding.” The structure, which has a total square footage of 15,425, is located close to several other large retailers, making it an ideal space to capitalize on existing shopping traffic and open up a new business or existing franchise. The estimated lease price for this structure is $1.25 per square foot per month.
For those investors who want a slightly more traditional, “main-street” type shopping experience, the general retail property at 318 Plymouth Street is perfect for those who want to lease a 3,000 square foot building located right in the center of town. The building has a barn-like appearance, with an elevated roof for easy snow removal in the winter and a bright red exterior color, with white trim and an ample front lot that can be used to display merchandise. The likely rental price for this property has not been disclosed.
The 2,640 square foot building at 305 Plymouth Street offers tenants a general retail space with excellent access to numerous local other retailers and merchants, making it a great place to jump start a new enterprise. The estimated rent for this property has not been disclosed.
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