1 Snow Rd

Marshfield, 02050, USA

Overview

Ellis Realty Advisors is pleased to exclusively offer 1 Snow Road, a ±10,507 SF two-story office and retail building on 1.004 acres in Marshfield's B-1 business district at Webster Square.

The property is anchored by Citizens Bank, N.A., which has occupied approximately 3,120 SF of ground-floor bank space since 1992. The current term runs through December 31, 2027, and Citizens holds two five-year renewal options with pre-set rent increases that could extend occupancy through 2037. The balance of the building consists of professional office and service suites with a diverse local tenant mix, and available suites give an investor the opportunity to grow income or an owner-user a home for their business alongside bank-anchored income.

Built in 1972, the building features wood-frame construction on a concrete foundation, clapboard exterior, a flat membrane roof, and forced hot air heat with full air conditioning. Pricing reflects the building's age and capital needs, allowing a buyer to plan improvements with clarity.

Location Overview

1 Snow Road sits at Webster Square in the heart of Marshfield's commercial district, the town's primary shopping and services destination centered on the intersection of Route 3A and Route 139. Webster Square is anchored by Star Market and features national and regional tenants including Marshalls, Ocean State Job Lot, Paper Source and Mathnasium, surrounded by restaurants, professional offices and town services, including Marshfield Town Hall.

The location benefits from strong daily traffic, with Route 3A carrying more than 15,000 vehicles per day and Route 139 more than 12,000, and convenient regional access to Route 3, the South Shore's primary highway to Boston and Cape Cod, roughly three miles west via Route 139. The surrounding trade area is affluent and highly educated, with an average household income exceeding $171,500 and approximately 56% of residents holding a college degree within three miles.

Marshfield is a coastal South Shore community in Plymouth County with roughly 25,800 residents (2020 Census), bordered by Scituate, Norwell, Pembroke and Duxbury. Known as the "Home of Daniel Webster," the town's namesake square reflects the 19th-century statesman's historic ties to the community.

Highlights

• ±10,507 SF two-story office/retail building on 1.004 acres
• Located at Webster Square, Marshfield's primary retail and business hub
• Anchored by Citizens Bank, N.A., a tenant at the property since 1992
• Bank lease through 2027 with contractual options to 2037 at fixed increases
• Priced at $161/SF with a 7.16% pro forma cap rate
• Upside from leasing the vacant suites
• B-1 business zoning; suits an investor or owner-user