Witkiewicz of Advance Realty sells 4,800 s/f for $300,000 in Bristol
A 4,800 s/f commercial building located at 461 Broad St. has recently sold for $300,000. The retail building consists of two economic units and is located on a .50 acre lot.
J. & A.M. Sokolowski were the sellers and Desmarais Properties, LLC was the purchaser.
Joel Witkiewicz, CCIM of Advance Realty CT, LLC was the sole real estate broker in the transaction. Advance Realty, LLC will be representing the new owner in leasing the property.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.