Mixed-Use Investment in Downtown
199 Main Street Falmouth, MA 02540
199 Main Street, Falmouth, MA, 02540
$5,250,000
Pending
For Sale
$5,250,000
Pending
COMMERCIAL - Falmouth, MA
Property Size11,114 SF
Lot Size0.28 Acres
Days on Market71
Property Features for 199 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Basement
- Full
- Appliances
- Water Heater
- Standard status
- Pending
- APN
- FALM 47A S:08 P:012 L:001
- Size
- 11,114 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11005
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Shingle Siding
- Roof type
- Asphalt, Flat
Listing agency
Premier Commercial
(508) 815-5700
Listed by
Mike Valentine
(508) 958-6927
Added: May 13 Updated: Jul 8 at 9:01PM Checked: Jul 22 at 9:06AM
MLS# 22602383
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in downtown Falmouth, this mixed-use property offers approximately 9,600 square feet of retail and commercial space, along with a renovated 1,500 square foot apartment featuring three bedrooms and two bathrooms. The property includes three commercial spaces measuring approximately 1,600 square feet, 4,500 square feet, and 3,500 square feet. Each commercial space has a full basement for storage and utilities, which is not included in the total square footage. The property benefits from five to six dedicated parking spaces, as well as ample street parking and a municipal parking lot nearby. Situated on Main Street, the property is surrounded by shops and restaurants, experiencing high pedestrian traffic. The location is near beaches, ferries, and marinas. The property sits on a lot of 0.28 acres. This property presents opportunities for investors, owner-users, retailers, restaurateurs, or redevelopment.
Key Highlights
- Mixed‑use property on bustling Main Street in downtown Falmouth with high‑visibility frontage
- About 9,600 sq. ft. total: ~1,600 sq. ft., ~4,500 sq. ft., and ~3,500 sq. ft. retail/commercial spaces
- Renovated 1,500 sq. ft. apartment above with 3 bedrooms and 2 bathrooms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $333.4k | $30.00 |
| − Vacancy | −$7.3k | −$0.66 |
| EGI | $326.1k | $29.34 |
| − OpEx | −$97.8k | −$8.80 |
| NOI | $228.3k | $20.54 |
11,114 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.26M
$2.85M – $3.80M
NOI $228,259 @ 7.0% cap · market cap 4.35%
Second Best
Mixed Use
$2.21M
$1.94M – $2.58M
NOI $155,040 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$4.53M
$3.96M – $5.28M
NOI $317,032 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Green Eyed Daisy
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Prime mixed-use property with retail and residential spaces.
Where is this mixed-use property located?
The property is located at 199 Main Street Falmouth, MA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Mixed‑use property on bustling Main Street in downtown Falmouth with high‑visibility frontage; About 9,600 sq. ft. total: ~1,600 sq. ft., ~4,500 sq. ft., and ~3,500 sq. ft. retail/commercial spaces; Renovated 1,500 sq. ft. apartment above with 3 bedrooms and 2 bathrooms
