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875 State Rd, Westport, MA, 02790

Coaksett Commons Plaza

$5,250,000

Key Information

Cap Rate
7.26%
$ per SF
$199
Tot. SF
26,400
Units
15
Term Remaining
± 5.1 Years
Type
Shopping Centers
NOI
$381,361

Highlights

• Essential Neighborhood Center: Serves Westport and the surrounding rural market with a mix of essential retail, service, and industrial uses.
• Below Replacement Cost: Attractive acquisition basis relative to current construction costs.
• Flexible Ownership Structure: Entire parcel approved for subdivision into individual condominium units, allowing for potential unit-level sales.
• Strong Regional Access: Positioned along U.S. Route 6 with convenient access to I-195, Providence, Fall River, New Bedford, and Dartmouth.
• High-Visibility Location: Benefits from approximately 21,600 vehicles per day along an established commercial corridor.
• Diversified Industrial Component: Small-bay industrial and auto garage space provide additional income and asset diversification.
• Drive-Thru Approved: Units 1 and 14 are approved for drive-thru use with “unlimited” stacking lanes.
• Attractive Financing: Partial seller financing available with a substantial down payment.
• Infrastructure Improvements: Public water connected in 2026, with the potential for municipal sewer infrastructure to be scheduled in the future.
• On-Site Artesian Wells: Two 600+ foot wells that are approved for bottled water use and capable of producing nearly 5,000 gallons per day.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203