Wareham, MA Commercial Real Estate for Sale and Lease

Within this town, investors can start a business or buy real estate in subsections like Wareham Center, Weweantic, East Wareham, Onset or West Wareham. Because of its placement on the water, the area has long been a site of the shipbuilding and fishing industry. Additionally, it has served as a resort town over the years. Placed just west of Cape Code, this town is only 45 miles east of Providence. Because of its location, it is considered a desirable location for investments.

Click Here to View Today's

Commercial Property List

While some of the industries have changed over the centuries, one business has remained the same. The oldest nail manufacturer in the country, the Tremont Nail Factory, was first set up in 1819 and is still there today. The modern town is mostly a residential community, but it has several retail centers and a thriving tourism industry. Tourism investors will find that the busiest season is during the summertime. For retail investments, check out the retail centers near Route 28 and Route 6.

Historically, most of the investors in this town would have focused on the cranberry production. Even today, the main road is still called Cranberry Highway. Makepeace Company is actually headquartered in the area. The modern town is still known as one of the world's top cranberry growers. The University of Massachusetts even operates a Cranberry Research Committee in the town.

Investors can also enjoy buying real estate and businesses that have easy access to the rest of the state. Interstate 194 and Interstate 495 both end on the western side of the town. Meanwhile, Route 6, Route 28 and Route 25 all traverse the area. While there is no commuter rail service, the town does have a seasonal CapeFLYER option at the Wareham Village station. With commuter service under consideration for the town, now is a good time to invest. Once the commuter rail is approved, property values will most likely increase.

Investors in the area can find a diverse housing stock. Like many parts of New England, the area offers Victorian mansions and Colonial-style homes. Many of the Victorian cottages and mansions can be found near the coastline. This area is also a popular spot for resorts and seaside restaurants that cater to the tourism industry.

Office Space Market

At 40 Church Cove, residents can find medical offices. This multi-unit building is located directly across from Tobey Hospital. The current availability is for 1,676 square feet of space for 1,800 per month. Renters can enjoy having exam rooms, a reception area and offices already set up. All of these units can be accessed by elevators. In addition, there is plenty of off-street parking at the complex.

Another option is available 2527 Cranberry Highway. Designed in a campus-like style, this building currently has a three-office suite available. Signage is available. The monthly rental price includes costs like insurance, trash removal, taxes, snow removal and grounds maintenance. On-site management and maintenance are available. Within the unit, tenants will find three offices, two bathrooms, a reception area and a storage closet. The property is conveniently located just off of Route 28 and Route 195.

Many office spaces are available along the Cranberry Highway. In addition to the last example, renters can find options like 2510 Cranberry Highway. Known as the Cranberry Crossing Executive Suites, these offices are available for annual rents ranging from $7.29 to $13.44. This small office park is served by professional management. In total, there are six offices that are separated through a common hall. There is one double suite available. All of the offices at the space share two bathrooms.

Retail Space Market

The largest retail centers in the town are located around Route 28 and Route 6. One of the largest and most recent projects, Wareham Crossing, just opened in that area in 2007. Spanning 675,000 square feet, this complex has a village-like feel and outdoor shopping. It is anchored by retailers like Lowe's, TJ Maxx, Target and JCPenney.

Retail buyers can check out options like 2424 Cranberry Highway. This building is currently on the market for a listing price of $990,000. Previously used as B.B.'s Bar & Grill, the building sits on 1.03 acres. It can be used as a restaurant or modified into a retail shop. Built in 1948, the space includes 4,700 square feet of area. It is located on Cranberry Highway and a short distance away from Interstate 495.

Another retail property for sale is located at 3013 Cranberry Highway. It has a listing price of $1,395,000. In the past 50 years, this successful location has only hosted two restaurants. A liquor license is available for prospective renters. Permitted for 206 seats, this property has three dining areas and a large bar. In addition, it includes two sets of bathrooms for the customers. Totally renovated in just 2002, the restaurant includes 67 parking spaces. It is placed just a short distance away from Route 6 and Route 28. In addition, the property is adjacent to all the retail shops and restaurants in Cranberry Plaza.

Real Estate News

With business booming in the area, a number of commercial developments have been built in recent years. A Walmart just opened in the last few years, and other commercial enterprises are planned. A new project is underway known as the Wareham Marketplace. The plan for the building is to create a 46,00-square-foot space for commercial shops. The property will be anchored by the discount supermarket, Aldi. The 8.5-acre lot is placed at the intersection of Cranberry Highway, Tow Road and Tobey Road. Right now, there are two buildings on the property, but these will be torn down to make room for Wareham Marketplace. Other than the supermarket, the space will include 27,800 square feet for other restaurants and shops. In total, the complex will have 318 parking spaces.

Other recent developments in the area include the OCB Wareham Eye Center, TownPlace Suites by Marriott, Five Guys Burger and Fries, Ninety-Nine Restaurant and Saga Fusion. In addition, the new Walmart just opened up in 2015. Wareham Marketplace just started construction in 2017, so it may be a little bit longer until it is actually ready for tenants.

Click Here to View Today's

Commercial Property List