Mansfield, MA Commercial Real Estate for Sale and Lease
Located 28 miles south of Boston and 19 miles north of Providence, Rhode Island, this town in Bristol County, Massachusetts is ideally positioned for explosive growth. With a population of 23,184, the 20.5 square miles of land have a modest urban density with an excellent array of public transit options, making it perfect for investors who wish to purchase parcels and commercial structures now that will rapidly increase in value in the coming years. There are four principal neighborhoods in the region, including Ginty Corner, West Mansfield, Mansfield Center, and East Mansfield.
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The area is home to numerous conservation areas, including the York Conservation Area, Sweet Pond Conservation Area, the Great Woods Conservation Area, the Maple Park Conservation Area, and the Marie Strese Conservation Area. Other public green spaces include the banks of the Canoe and Wading Rivers.
Major interstates, including 95 and 495, cross directly through the city, as well as Route 106 and Route 140. The MBTA Commuter Rail line has a station in town. Most appealing to investors and developers, the area can be directly reached with small aircraft via the Mansfield Municipal Airport. Larger aircraft can fly into either T.F. Green Airport in Providence or Logan International Airport in Boston.
Commercial land is priced according to the region’s excellent prospects for future growth. The parcel at 205 Chauncy Street is a redevelopment property that currently has several low slung structures on the 1.33 acre lot. The ground has already passed a Phase 1 Inspection, and is now ready for a visionary developer. Located 1.5 miles from Interstate 95 and within walking distance of the MBTA Commuter Rail line, this lot has a sale list price of $4,000,000. While the lot at 751 North Main Street has an industrial designation, it is open to investors who have an innovative plan for redevelopment. The 11.40 acre property is currently home to six buildings which collectively have 30,000 square feet in space and three rail settings. Located only 0.8 miles from the MBTA Commuter Rail line, the property is ideally positioned. The sale list price for this land is $1,200,000.
The commercially zoned parcel at 880 South Main Street is located next to a reservoir within close distance of Interstate 495. The area is open to development as a space for retail, office, restaurants, or other commercial endeavors. With 1.52 acres of land, the property has a sale list price of $450,000.
Office Space Market
In keeping with the density of this area, much of the office space market is located in low-slung complexes surrounded by ample parking. The three story structure at 792 South Main Street is located near the reservoir in an office park setting, and features landscaped grounds and an elegant central entryway. With 20,000 total square feet of leasable space, the office suites in this structure vary in size from several hundred to several thousand depending on tenant needs. Built in 1989, the structure has been well maintained and features bright, modern interiors with drop-tile ceilings, carpeted floors, and large conference rooms. The estimated rent for this space has not been disclosed.
The office complex at 5 Hampshire Street features an inventive aesthetic exterior with a memorable front entryway that opens up into a glass enclosed atrium space. Sited in a large parking lot with perimeter trees that have grown in height all the way to the top floor, this structure offers a serene and professional environment located right off Interstate 495. The 83,868 square feet of space in the building offers a variety of office suites for large companies, with 27,956 square foot spaces available on the first, second, and third floor. The estimated rent for this space is $1.67 per square foot per month.
The property at 89 Forbes Road is inspired by the Prairie Style School of Architecture, featuring stately brick forms that create dynamic geometric intersections. Featuring rectangular banks of windows embedded in the side of the ground floor, the solid power of the materials creates a sense of studied expertise. Located off Route 106, the 40,979 square foot building is also suited to large businesses, with a minimum divisible office space size of 11,552 square feet. Built in 1981, this unique structure has furnished suites available, and includes a hotel, courtyard, dry cleaner, golf course, and restaurant onsite. The property is located only 1.6 miles from the MBTA Commuter Rail station, and has not revealed its estimated rent.
Retail Space Market
Many of the retail spaces in this market are housed within low-slung buildings that feature road frontage, although occasionally a more boutique space becomes available. The property at 60 Oakland Street has an onsite parking lot and naturally lit interiors, as well as the option to buy a full-liquor license as part of the sale price. Most promisingly, the two-story structure is located on a 42,000 square foot lot that is open to new commercial development. The lot is near the center of downtown and only 0.3 miles from the MBTA Commuter Rail line. With 7,437 square feet, the current restaurant offers a single tenancy space. Built in 1952, the interior features wooden bar countertops, leather banquettes, and a dedicated stage space. The sale list price for this property is $999,000.
The structure at 390 West Street offers large contiguous spaces in a retail complex environment. Located on the edge of downtown, this 214,823 square foot structure is located on a 35 acre site that includes several major retailers and a sizable parking lot. Built in 2003, the structure recently listed a 7,666 square foot space that featured a front vestibule, electric loading dock, office room, and rear entrance. Located 1 mile from both Interstate 495 and Interstate 95, the lot is easily accessible to traffic. The estimated rent for this space has not been made publicly available.
The property at 219-233 North Main Street offers excellent ground floor storefront retail space in the center of downtown. With onsite parking and a brick exterior with columned portico, the freestanding structure has 7,252 square feet of available space. A unit on the first floor of 1,500 square feet recently was available for lease. Only 0.3 miles from the MBTA Commuter Rail line and located within a few minutes of Route 106, this highly accessible property was built in 1965 and has been excellently maintained. The estimated rent for this property is $1.03 per square foot per month.
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Commercial Property List