Restaurant with Apartment on
451 Main Street, Dennis Port, MA 02639
.20 acre lot improved by a 2,000 square foot restaurant with a bar and full commercial kitchen
Property size:
3,113 SFLot size:
0.20 AcresPrice / SF:
$256/SF- Added:
- Dec 26, 2024
- Days on Market:
- 511
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 451 Main Street
General Information
- Standard status
- Active
- Property type
- Restaurants, Retail properties & Spaces
- Size
- 3,113 SF
- Elevators
- N/A
- Lot size
- 0.20 Acres
Building Details
- Year Built
- 1972
- Buildings
- 1
- Stories
- 1
Listing agent Mike (508) 815-5700
Listing office Premier Commercial (508) 815-5700
Listing date Dec 26, 2024
HighLights
- Basement: Interior Entry
- High School District: Dennis‑Yarmouth
Overview
Located in Dennis Port, Massachusetts, this property features a 2,000-square-foot restaurant with a full commercial kitchen, seating for 92 inside, 10 at the bar, and an additional 25 seats on the patio. The property is situated on a 0.2-acre lot on Main Street (Route 28). Ample parking is available with nearly 30 spaces. Upstairs, a 1,200-square-foot apartment includes three bedrooms and one bathroom, offering potential for employee housing or rental income. The property benefits from its proximity to Nantucket Sound and Cape Cod Bay beaches, Route 6, and the historic Route 6A. The property features an interior entry basement. The high school district is Dennis-Yarmouth. This established business presents an opportunity to acquire real estate, equipment, and fixtures in a prime Cape Cod location. The sale includes all equipment and fixtures. The property can operate seasonally or year-round, capitalizing on the area's growing year-round population.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$710.4K
NOI $63,935 @ 9.00% cap · cautious / downside scenario
Moderate
$913.4K
NOI $63,935 @ 7.00% cap · market / base-case scenario
Aggressive
$1.28M
NOI $63,935 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.4k | $30.00 |
| − Vacancy | −$2.1k | −$0.66 |
| EGI | $91.3k | $29.34 |
| − OpEx | −$27.4k | −$8.80 |
| NOI | $63.9k | $20.54 |
3,113 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$913.4K
$799.2K – $1.07M
NOI $63,935 @ 7.0% cap · market cap 7.99%
Second Best
Specialty Retail
$685.9K
$600.1K – $800.2K
NOI $48,010 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Restaurants
Location Insight
- Map
- Local Demand
- City
- Dennis Port
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.1357
- Latitude
- 41.6664
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - .20 acre lot improved by a 2,000 square foot restaurant with a bar and full commercial kitchen
Where is this restaurant located?
The property is located at 451 Main Street Dennis Port, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Basement: Interior Entry; High School District: Dennis‑Yarmouth
