Marshfield, MA Commercial Real Estate for Sale and Lease
Located in Plymouth County, Massachusetts, this town of 25,132 is sited on 28.5 square miles of land and 3.3 square miles of water, and offers investors excellent opportunities for projects centered around scenery and recreation. The culture of the beach and the water is prominent here; in addition to being at the point where Massachusetts Bay meets Cape Cod Bay, the town is also bordered by the South River and the Green Harbor River, as well as numerous small salt marshes. Investors should be aware that there are eight villages that comprise the region; Green Harbor, Fieldston, Marshfield Hills, Ocean Bluff, Marshfield Center, Brant Rock, and North Marshfield. The town is only 29 miles away from Boston.
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Publicly accessible green space and recreation areas include the beaches of Blue Fish Cove, Sunrise, Blackman’s Point, Green Harbor, Rexhame, Sunrise, and Fieldston. The Daniel Webster Wildlife Sanctuary and the North River Wildlife Sanctuary provide protected spaces for rare natural wildlife and flora. In terms of transportation, the area can be reached via automobile from Route 3A, Route 3, and Route 139. While there is no MBTA Commuter Rail line in town, there is a commuter ferry to Boston located in nearby Hingham. Bus service throughout the region is provided by the MBTA.
Commercially or industrially zoned parcels of land do occasionally come up for sale. Due to the area’s relatively moderate density, the parcels are often suited for development as opposed to redevelopment. The parcel at Enterprise Drive offers 76.29 acres of land perfect for a mixed-use business park. The site has several roads in place, as well as lines for various utilities, making it ideal for a developer who wishes to being construction immediately. Within the park, individually cleared spaces are ready to house structures ranging in size from 10,000 square feet to 300,000 square feet. Located one mile from Route 139, the area is easily accessible, and has natural woodlands on the premises. The price for this property has not been disclosed.
The commercially zoned lot at 2104 Ocean Street is located in the center of town off Route 139, and is currently up for lease. The 0.18 acre lot did have a structure on the land which has since been torn down, opening up the property for creative redevelopment. Investors may build to suit on this property. The estimated rent for the parcel has not been made publicly available.
For those developers hoping to invest in a thriving mixed-use development, the property at Commerce Road offers an excellent site. With 7.91 acres of residentially zoned land, the property is located off Route 3 and is suited for a project that features both residential and light retail/business purposes. The sale price for this property is $2,000,000.
Office Space Market
The office space in this market is largely housed in stately, multi-story structures that are surrounded by parking lots. Office parks are not as common in this area as in others, and as such tends to attract small to medium businesses. The property at 435 Furnace Street is located close to downtown off Route 139, and features a sophisticated color palette of grey and white over two stories. A long elevated front porch has white railings with steps that lead down into the parking lot. The 7,022 square foot space was built in 1973, and has offices of varying sizes available for lease. The estimated rent for this property is $2.00 per square foot per month.
The multi-story blue and white clapboard exterior of the structure at 506 Plain Street also has a prominent brick tower that doubles as a clock tower. The building has a landscaped lawn with frontage along Route 139, and is located near downtown. The interior offices are carpeted and brightly lit, featuring light wells that make the most of the Massachusetts sunshine. The doors are of solid oak and the numerous windows on the sides of the building provide ample natural lighting throughout the year. Built in 2002, the structure has a total of 14,165 square feet of leasable space. Recently, a 1,700 square foot office suite was put up for lease. The estimated rent for this property is $1.67 per square foot per month.
The refined structure at 57 Forest Street features a tan clapboard exterior with slender rectangular windows on its two floors. Located off Route 139 at the edge of downtown and within walking distance of the Furnace Brook Watershed, this office building was built in 2007, and has 5,656 square feet of leasable space. The interiors are perfect for a medical office, and include 7 to 8 foot high ceilings. The suite also features open space that can be built out to tenant specifications. The estimated rent for this property is $1.42 per square foot per month.
Retail Space Market
Low-slung retail complexes and multi-story, high-end complexes make up the majority of the retail space market in this town, although a few new developments with larger suites are expected to complete construction soon. The property at 752-762 Plain Street has a brick exterior capped with a wooden display tier for business signage. With enormous storefront windows and a parking lot right off Route 139, the complex is tailored for thriving businesses that want to engage with a heavily trafficked street. With 11,693 total square feet of space, the modernist structure, which was built in 1953, has several spaces for lease. Recently, a 1,402 square foot space with two private bathrooms and two private offices within a larger open workspace became available for lease. The estimated rent for this space is $1.25 per square foot per month.
The tree-lined property at 3 Proprietors Drive is one of the newer developments in town. Completed in 2018, the property offers 800 to 4,000 square foot spaces on the ground floor which allow entrepreneurs to take advantage of street traffic from Route 139. The suites are rectangular in shape, and are also accessible to the tenants who live in the upper floors of the development. These residential units exist under gabled red eaves. The estimated rent for this structure is $1.50 per square foot per month. Some suites may be purchased for $175,000.
The property at 1899 Ocean Street is located in the heart of downtown directly off Route 139, and has a total leasable area of 40,000 square feet. The dual storefront structure is host to a number of regional and national retailers, and offers suites sized at 1,600 square feet. Built in 2009, the property has a clean, modern look, with energy-efficient windows and custom-designed canopies that adorn each ground floor window. The structure also has a glass-enclosed tower that looks out over the adjoining parking lot. Lighted bollards line the perimeter of the site, providing illumination at night. The estimated rent for this property has not been disclosed.
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