Norwell, MA Commercial Real Estate for Sale and Lease

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What to Expect

Located 20 miles south of Boston, this bustling Plymouth County town had a population of 10,500 in 2010. Commercial real estate here mostly falls into the retail and office space categories, but some industrial and manufacturing space is available too.

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Located only 20 miles from Boston, this town of 10,506 in Plymouth County has 20.9 square miles of land within the city limits, making it perfect for developers who want to create large-scale projects that take advantage of the open land and the town's close location to the Massachusetts Bay. Ideal for recreational and mixed-use developments, the town’s industrial past also makes it a prime candidate for creative redevelopment opportunities.

Green spaces are not limited to the brooks and ponds that dot the area, although Third Herring Brook, Jacobs Pond, and Accord Pond do constitute major scenic attractions. Wompatuck State Park has 3,500 acres of campgrounds, hiking trails, and bird hunting during certain seasons. Other parks include Fogg Park, the Norris Reservation, a portion of the Stetson Meadows, and the Black Pond Swamp & Cole Conservation Easement. The Massachusetts Bay can be accessed in the neighboring town of Scituate.

The town can be accessed via car by Route 53, Route 123, Route 228, and Route 3. The MBTA Commuter Rail line has no stations in town, although there is a stop in Scituate. The town also has been building a series of “pathwalks” which are intended to foster higher foot traffic without chance of injury from passing vehicles along the busier routes into downtown.

Commercially zoned lots of land are available for sale or lease. The property at 44 Tara Drive is located off Route 3 in a gated neighborhood. The 1.78 acre parcel is primarily flat, and zoned for a residential project. The sale list price for this property is $489,000.

The parcel at 15-19 High Street is located next to a thriving commercial intersection off Route 53. The parcel consists of two seperate lots; one is 1.17 acres in size, and the second is 1.01 acres. Together, they comprise 2.18 acres of fairly flat upland. Each lot has a single family home on the property, although these structures can be cleared to make way for new development projects. The estimated rent for this property has not been disclosed.

The property at 80 Washington Square is located off Route 3 near the Accord Pond, and features 0.46 acres of commercially zoned land. The proposed use for this lot is the development of an office complex with a live/work option. The proposed freestanding structure would contain 3,650 square feet with a full basement, and has been permitted for development. The sale list price for this property is $395,000.

Office Space Market

Offices are plentiful in this market, although they are still competitively priced, as many of the suites are located in top-tier, multi-story developments. The property at 99 Longwater Circle is located on an immaculately landscaped lot featuring three story buildings with a brick and clapboard combination exterior. Located off Route 3, this complex’s shared interior features a tiled lobby with a sweeping grand staircase and polished wood banisters. The suites are ideally suited for a medical office, although other configurations can be made depending on tenant needs. Built in 2004, this 14,900 square foot structure has suites of 1,900 square feet in size available for lease. The estimated rent for this facility is $2.00 per square foot per month.

The property at 427 Washington Street is located off Route 122 near the Jacobs Pond Conservation Land. The two story structure was built in 1900 and has been recently refurbished with gleaming interiors and exteriors. The 4,402 square foot structure has a suite of 2,000 square feet available for lease. The estimated rent for this property is $1.17 per square foot per month.

For those who want to place their office in a gorgeously maintained historic structure, the building at 335 Washington Street is a perfect fit. Built in 1800, this two-story property was renovated in 2008 and is located downtown in a highly walkable neighborhood right off Route 123. With 8,386 square feet of total leasable space, the property has a sale list price of $2,900,000.

Built in 1800, the colonial style wood frame structure at the corner lot of 164 Washington Street offers a historic look with contemporary amenities. A recently expanded parking lot and an attached single-story wing makes this property both highly accessible and adaptable to tenant needs. With 11,070 square feet of leasable area, the building has a suite of 1,504 square feet on the ground floor available for lease. The estimated rent for this property is $1.17 per square foot per month.

Retail Space Market

From expansive showrooms to low-slung retail complexes near the heart of downtown, this city has a number of openings in the retail space market. The property at 263 Washington Street is located off Route 123 and has numerous storefront units looking out on a parking lot. Built in 1985, the well-maintained building has 14,728 square feet of leasable area, with suite sizes ranging from 2,306 square feet to 4,056 square feet. The estimated rent for this property is $0.67 per square foot per month.

The vivid white clapboard structure at 5 Grove Street is sited on a parking lot and features mounted business signage on the roof. Located off Route 228 near Accord Pond, the building was built in 1930 and features 4,200 square feet of leasable space. Currently, the freestanding structure has two suites of 231 square feet and 460 square feet available for lease. The estimated rent for this building is $1.00 per square foot per month.

The property at 98 Accord Park Drive is located off Route 3 and features 22,000 square feet of total leasable area. Formerly a high-end car dealership, the property has enormous floor to ceiling display windows befitting a showroom, as well as a 16 bay service area, a customer lounge on the second floor, and numerous private offices. Placed on a lot of 2.0 acres, this building is ideal for a developer who wants to place an innovative business or series of businesses within the somewhat configurable floor plan. Built in 1970, the sale list price for this property is $6,500,000.

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