The Plaza at Bellingham Commons
15 North Main Street, Bellingham, MA 02019
Marketing description
NAI Parsons Commercial Group - Boston is pleased to offer for sale The Plaza at Bellingham Commons (the "Property"), a well established, multi-tenant neighborhood shopping center prominently located at 15 North Main Street (Route 126) in Bellingham, Massachusetts.
This single story retail property comprises three buildings totaling approximately 56,300± square feet on 7.36± acres and features a diverse mix of local businesses and national retailers, serving daily needs in a high traffic commercial corridor.
The Plaza at Bellingham Commons presents a compelling investment opportunity in a growing suburban market southwest of Boston, characterized by solid occupancy history, diversified tenancy, and supportive surrounding development. This neighborhood center is positioned to benefit from continued population growth, access, and regional economic momentum.
Nestled in the heart of Bellingham, MA, the surrounding area of the property offers a vibrant and diverse community. Located less than 2.5 miles off Route 495 at either Exit 43 or Exit 46 and the intersection of Route 140 and Route 126 providing central access to both Interstate 90 (Mass Pike) and Interstate 95.
Investment highlights
- Historically High Occupancy - Averaging Over 90%
- Long Tenured Tenants
- Centrally located on Route 126 which boasts over 18,000± vehicles daily
- Less than 2.5 miles to Interstate 495 (via Exit 43), with direct connectivity to I-90 (Mass Pike) and I-95
- Over 300 parking spaces (5.3/1,000 parking ratio)
- Surrounding Area and Growth Drivers - More than 800 residential units within a 2-mile radius of the center have been recently completed or are currently under construction.
- Further Upside Potential - The property also offers further upside potential through various avenues, including lease optimization to align with current market trends during lease renewals.
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