Rockport, MA Commercial Real Estate for Sale and Lease
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What to Expect
This vibrant Essex County town of around 7,000 is located about 40 miles northeast of Boston. Since it's somewhat small, it doesn't usually have a ton of options in terms of commercial real estate. Still, retail, manufacturing and office space goes on the market fairly regularly, and you can find what you need with our search feature.
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Located only 40 miles from Boston on the gorgeous Cape Ann peninsula, this town offers investors a scenic, culturally sophisticated, yet small town development opportunity. With 6,952 people living on 7.0 square miles of land, the area has a relatively dense urbanity. The 10.5 square miles of water within city limits play host to two harbors, Old Harbor and Rockport Harbor, as well as several islands: Milk Island, Straitsmouth Island, and Thacher Island. The area has been the setting for a number of major motion pictures.
Settled in 1623, this town in Essex County is host to a number of historical attractions, including twin lighthouses built in 1771 on Thacher Island, as well as several sites located on the mainland. In combination with the natural splendor of the area, these sites attract a constant number of visitors eager to relax and unwind. Meanwhile, the ongoing cultural festivals and art spaces within the city provide a draw for visitors who wish to sample the region’s vibrant art scene.
Green spaces and conservation areas abound, including the Thacer Island National Wildlife Refuge, the Halibut Point State Park and Reservation, the Knight Wildlife Reservation on Milk Island, and five municipal beaches. A town forest surrounds many of the prominent buildings in the area. Several hills, including Pool Hill, create changes in elevation on the mainland.
In terms of transportation, the area is reached primarily via boat or automobile. Route 127A and Route 127 provide vehicular access, while the multiple harbors can dock numerous small to medium passenger boats and ships. The MBTA Commuter Rail Line terminates in this town via the Newburyport/Rockport line, providing direct access to Boston’s North Station. Those who prefer bus service can access the area by way of the Cape Ann Transportation Authority.
Office Space Market
The highly competitive nature of the office space market in this town means that properties for sale or for lease do not become available very often. When they do, however, they are usually of an exceedingly distinguished vintage. The property at 11 School Street was built in 1800, and features a gorgeously restored white clapboard exterior with a brick base and brick chimney. This 9,999 square foot structure has numerous office suites for rent, ranging in size from 215 square feet to 300 square feet. A shared conference room is available to tenants, and snow removal is provided as a part of the monthly rent. Located in the heart of the city yet only a few blocks from the harbor, this property is accessible to numerous other urban amenities, and is only 0.6 miles from the MBTA Commuter Rail line. The estimated rent for this property has not been disclosed.
Retail Space Market
Because of its unusual but compelling mixture of scenery, successful boutique commercial redevelopment and tight-knit urban fabric, the retail space market is highly competitive. Properties are rare, and investors are advised to keep their eyes open for new listings.
The property at 17 Railroad Avenue is classified as a freestanding retail space. Most recently, it has been used a restaurant, although tenants may adapt the space to suit their individual needs. Built in 1900, the recently refurbished space features roomy, bright interiors with contemporary light fixtures and hardwood floors. The clapboard exterior rises two stories above the ground with a seperate attic and features a covered entryway to protect against the elements. Located off Route 127 near the Pool Hall Forest, this beautiful property has 5,362 square feet of leasable space. The estimated rent for this property is $1.17 a square foot per month.
The retail complex at 35 Whistlestop Mall features 33,000 square feet of gross leasable space in a freestanding retail configuration. Located off Route 127, the complex is highly accessible to traffic, and has several loading docks for the distribution of palettes of goods, as well as fourteen foot ceilings. Ideal for a grocery store or other large commercial enterprise, the 10,351 square foot unit available for lease has an open concept space to suit specific tenant needs. Built in 1967, the structure has been recently refurbished and is sited next to a roomy parking lot. A covered portico provides protection from the elements. The estimated rent for this property is $0.92 to $1.39 per square foot per month.
Commercial Development News
The magnificent scenery and historical lineage of this area has made it a favored spot for a very specific type of development, as seen in the area of Bearskin Neck. Instead of demolishing the former row of lobstermen’s and fishermen’s shacks, the area has been preserved and turned into a tourist attraction with galleries, stores, hotels, and restaurants. This blend of authenticity and commercial savvy has made Bearskin Neck an exceptionally powerful draw for visitors regardless of the season. One of the buildings, dubbed “Motif No. 1,” has become world famous for its red color and position on the waterfront.
The layout and charm of the old village has made it an enjoyable place to stroll in the off-season, while the bustle of the artisans and boutique shops that occupy it during peak months makes it a profitable venture. Located on a peninsula that juts out into the Atlantic Ocean, the area makes the most of both the wharfs and its proximity to downtown. This area is usually the site of the town’s parades and other festivals, linking it prominently to the contemporary business district while preserving the individual flavor of the project. By making clever use of preexisting historic structures, this innovative development sets the bar high for future commercial development in this area.
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