Rehoboth, MA Commercial Real Estate for Sale and Lease

With 46.5 square miles of land and a population of only 11,608, this town offers ample opportunities for commercial development. Located in Bristol County, Massachusetts, the area is sited 50 miles south of Boston and 11 miles east of Providence, and is adjacent to the Palmer River. The area also features a number of brooks and swamps, in addition to hills. Incorporated in 1643, the town’s status as one of the oldest in the country makes it a perennial draw for visitors interested in historic sites, while the lush landscape makes it an excellent vacation spot for those in need of an outdoor excursion. A bustling calendar of cultural events make the town a hub of activity all year, which portends an excellent life for new development projects.

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Public green space is one of the primary draws of the area; half a dozen conservation sites, including the Mason Street Conservation Area, the Miller Bird Sanctuary, and the Rehoboth State Forest offer rare glimpses of wildlife, hiking trails, and other outdoor delights depending on the season. In terms of urban amenities, the town has a number of museums and cultural fairs that attract internationally known artists. In September, the town hosts a Harvest Block Party honoring one of its former prominent citizens, while a historical recreation troupe recreates pivotal events from 1774. For a relatively small population, the community is exceptionally strong and tight-knit, providing a solid base for local retail developments and facilities that can host group meetings for various performing arts and social gatherings.

The area is easily accessible by automobile, with Route 118, Route 6, Route 44, and Interstate 195 crossing through the city. Bus service throughout the region is available through the Greater Attleboro Taunton Regional Transit Authority. Although the town does not have a dedicated MBTA Commuter Rail Line station, it is within relatively close range of the station in nearby Attleboro. The nearest airport is 20 miles away, and Logan International Airport is within 53 miles.

Plots of land do occasionally come onto the market. The property at 0 Barney Avenue has an industrial zoning for an industrial park. With 7.40 acres of land, the property does not have any major existing structures, and is ideally suited for visionary commercial development. Only minutes from Interstate 195, the site is close to the river, and benefits from the area’s attractive low commercial tax rate. The flexibility of the site makes this property ideal for a dynamic development. The sale price for this property has been listed at $535,000.

Office Space Market

Because of the tight-knit nature of the community, the office space market is exceptionally competitive, with few openings. For investors looking to develop or redevelop existing properties, there are a few parcels that offer the potential for a creative new life. The property at 275 Plain Street has a warehouse-like appearance, with three loading doors, an onsite parking lot, and a front lawn with landscaped shrubbery around the perimeter of the building. Built in 1990, the structure has 6,000 square feet of rentable square footage, with 18 foot high ceilings.

Although this lot is zoned for industrial use, the recent proliferation of businesses retrofitting properties into inventive office configurations sets an excellent model for transforming this property into brilliantly realized office or mixed-use space. Currently, the structure is equipped with an oil water separator, an air compressor, an eight inch reinforced concrete slab, private septic, alarm system, welding plugs, and floor drains. The structure, which is on a 1.38 acre lot, currently has 1,500 square feet of air-conditioned office and 1,500 square feet that is unfinished. The sale price for this property is $599,000.

Retail Space Market

Much of the retail space in this town is housed in older, historic structures, befitting the small, community-focused nature of the area. On occasion, newer buildings with great access to urban amenities come onto the market, such as the property at 275 Winthrop Street. This wood frame structure is painted in bright, welcoming colors, and features a loading door in back, as well as plenty of onsite parking and a lush front lawn. The property has two primary floors, with attic space in the upper level of the red structure. A columned portico at the principal entryway shields visitors from the elements, while a row of windows on each floor provides natural light and ventilation. Located off Route 44, this charming property has a number of units within its 10,711 square foot space. The two units available for lease are 1,200 square feet and 2,000 square feet respectively. They can be used for retail or office space depending on specific tenant needs. Prominent business signage makes it easy to find this building from the road. The estimated rent for this property is $1.00 per square foot per month.

For those investors who want to take on a redevelopment project in a gorgeous natural setting, the 0.45 acre parcel on 584 Winthrop Street is an ideal match. The property currently has a partly delipidated structure which features a loading door and a distressed wooden frame. The commercially zoned land offers easy access to Route 44 and a number of possibilities for a visionary developer who wants to transform this site into a destination spot. The sale list price for this lot, which has been listed as a distress sale, is $74,900.

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