Norton, MA Commercial Real Estate for Sale and Lease
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What to Expect
This bustling Bristol County town is located 40 miles south of Boston and has a population of roughly 19,000 people. Within its borders, you will find office, retail and industrial space that runs the gamut in terms of price, features, location and other characteristics. Whether you own a business or would like to invest in commercial property, we'll help you find what you need.
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Located in Bristol County, Massachusetts, this town of 19,031 is spread out on 28.7 square miles of land, and is only 34 miles from Boston. With its mix of colleges, festivals, and open commercially zoned land, the area is ideal for investors who want to take advantage of a healthy and varied urban density. PGA Championships are often held here, creating an annual influx of visitors.
Numerous ponds make up the scenic attractions in this area. Winnecunnet Pond and Norton Reservoir are the largest ponds, although both the Canoe River and the Wading River cut through the region. Other public green spaces include the Woodward Forest, the Blueberry Knoll Wildlife Area, the Leo G. Yelle Conservation Area, Lincoln Woods, and Charlotte/River Road forest. City parks, such as Toad Island Park, Lincoln Street, and Bay Road, provide areas for recreation closer to downtown, as does The Norton Country Club. Wheaton College, an esteemed private school, is a significant source of employment within the city.
For those who wish to reach the area by car, major transportation routes include Route 123, Route 140, and Interstate 495. The MBTA Commuter Rail line does not have a station in town, although the nearest stop is in neighboring Mansfield. The Greater Attleboro Taunton Regional Transit Authority provides bus service within the town and to other cities.
Commercial lots of land have been coming to market more frequently as the value of the area becomes more widely known. The property at 199 Mansfield Avenue has 2.70 acres of commercially zoned land off Route 140 near Winnecunnet Pond. With waterfront views, the property currently has three existing structures on the property; an outbuilding, a four stall garage, and a ranch house. These properties are not considered to be particularly valuable, and developers are welcome to tear down the properties and create a new project. The sale list price for this property is $700,000.
The 20.98 acre parcel at 93 Mansfield Avenue has spectacular waterfront views of Winnecunnet Pond as well as excellent accessibility from Route 140. With a commercial zoning, this property is perfect for a developer who wishes to take advantage of the land’s proximity to Wheaton College, the PGA Golf Course, and other nearby amenities. The sale list price for this property is $1,500,000.
The property at 5 Washington Street is another ideal investment opportunity for the right developer. Located near Route 123 and Interstate 495, the 16.3 acre parcel has road frontage and a mostly flat lot that makes it ready for a new project. The sale list price for this property is $2,000,000.
For those interested in creating a thriving residential development, the property at East Hodges Street offers 21 acres of land that is classified as a four lot subdivision. Located near the Everett Leonard Field, this property has several access roads leading to it and has been zoned for residential buildings. The sale list price for this property is $400,000.
Developers looking for a large parcel at an excellent price will enjoy the listing at Rear Crane Street, which has an impressive 45 acres of commercially zoned land available for only $350,000. The site is in a recreational/campground retreat setting, and may be used for non-profit purposes, although this is not mandatory. Another large parcel is located at 154 Pine Street. This parcel includes a whopping 206 acres of commercially zoned land located off Interstate 495, just north of the Woodward Forest. The parcel has been split into two phases; the first phase has 136 acres. The sale list price for both phases of the property is $4,950,000.
The parcel at 88 Mansfield Avenue is located at the banks of the Winnecunnet Pond directly off Route 140 and offers enormous potential for the right developer. The sale list price for this 0.67 acre property is $149,000.
Located on the west side of Winnecunnet Pond, the 4.50 acre parcel at 195 Mansfield Avenue has a slender rectangular shape next to a paved commercial lot that hosts a supermarket. The lot extends to the pond off Route 140, and features flat land with a gentle slope ideally suited for a dynamic commercial project. The lot has 211 linear feet of street frontage, and gas, electricity, and sewer are already on the site. Potential developments include restaurants, office suites, and health care facilities. The sale list price for this lot is $1,325,000. There is also an option to purchase this lot in combination with the abutting lot at 199 Mansfield Avenue, which would increase the overall lot size to 7.2 acres and the street frontage to 363 linear feet. The combined price for these two properties would be $2,025,000.
The property at 86 Borrows Street is a 5.0 acre parcel located south of Route 123. The property has been mostly cleared and has 133 linear feet of street frontage. A small pond is on the premises, and the property has a proposed commercial use of multi-family dwellings. The sale list price for this lot is $192,500. The parcel at 238 West Main Street is located directly off Route 123, and is perfect for a development that wants to take advantage of a busy street located near downtown. The sale list price for this property is $350,000.
Office Space Market
With its varied urban density, office suites and complexes are relatively rare in this area, although a brand new development near the banks of the Winnecunnet Pond has been proposed. This development would consist of seven seperate buildings arranged on a heavily forested campus known as “The Park at Great Woods.” Building A would be three stories tall with 300,000 total square feet. Building B would be one story tall with a total of 30,000 square feet. Building C would be 1 story tall with a total of 50,000 square feet. Building D would be three stories tall, and consist of a hotel with 150 keys. Building E would be one story tall and have a total of 20,000 square feet of leasable space. Building F would be three stories tall and be another hotel of 100 keys. Most of these buildings will offer office space; in many cases, entire floors consisting of 50,000 square feet are available to lease. The estimated rent for each of these buildings has not been disclosed.
At this time, no other office spaces are currently available for lease or sale, although investors are encouraged to continue monitoring the listings.
Retail Space Market
Most of the retail space in this area occupies multi-story complexes that are located next to ample parking lots. The property at 184 West Main Street has 25,726 square feet of leasable space, and is located directly off Route 123. Built in 1984, the complex features a variety of exterior finishes, including stone, clapboard, and concrete. Large display windows line the ground floor, and some units take advantage of the outdoor space to create sheltered restaurant patios. The interior features a shared atrium space with a grand central staircase that leads to the second story. The complex is 4.6 miles from the nearest MBTA Commuter Rail station. The estimated rent for this complex has not been disclosed.
The retail complex at 175 Mansfield Avenue looks out on an onsite parking lot, and features large storefront display windows. Located off Route 140 near Winnecunnet Pond, the 113,154 square foot complex has suites of varying sizes available for lease, ranging in size from 1,350 square feet to 5,820 square feet. The estimated rent for this facility has not been made publicly available.
The freestanding structure at 33 West Main Street has 21,242 square feet of available space, which can be subdivided into units no smaller than 1,752 square feet. Built in 1965, the well-maintained clapboard exterior looks out on an onsite parking lot, and is located directly off Route 123 right next to Wheaton College. The interior has an open floor plan that makes it easy to configure to individual tenant needs. The estimated rent for this property is $0.71 per square foot per month.
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Commercial Property List