697 Main St Chatham, MA 02633
For Sale
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This exceptional 4,235-square-foot commercial property at 697 Main Street in Chatham, MA, offers a unique opportunity for businesses seeking a prominent location. Situated on a 0.26-acre lot, this three-story building boasts excellent visibility and signage opportunities, ensuring high exposure for your business. The property underwent a complete renovation by Rick Roy Construction in 2008, with an expansion added in 2015. It is fully ADA-compliant and includes a convenient elevator for easy access to all three floors. Currently configured as professional offices, the layout is highly adaptable to various commercial uses, including retail. The first floor features a welcoming reception area, five private offices, and a comfortable waiting area. The second floor provides six additional offices and a full bathroom. The lower level offers versatile space including two half-bathrooms, a lounge area, a finished room, and access to the building's utilities and elevator mechanics. A large unfinished area presents potential for expansion or customization. Thirteen dedicated parking spaces are available on-site, supplemented by ample public parking directly across the street. This property is ideally suited for a variety of commercial ventures and presents a compelling investment opportunity.
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Eldredge & Lumpkin Insurance Insurance Agency
automobiles accessory to and abutting a use or uses lawfully established in the GB1 or GB2 Zoning District. Such parking facilities are not to be used for sales, repair work or servicing of any kind, and no advertising sign or material is to be located on such lots. A buffer strip not less than ten (10) feet in width including evergreen planting not less tha…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB2 · Chatham, MAautomobiles accessory to and abutting a use or uses lawfully established in the GB1 or GB2 Zoning District. Such parking facilities are not to be used for sales, repair work or servicing of any kind, and no advertising sign or material is to be located on such lots. A buffer strip not less than ten (10) feet in width including evergreen planting not less than six (6) feet in height shall be provided along the rear and side lines of any parking facility which abuts or extends into a residential district. 6. Required Spaces In any district no use of premises shall be authorized or extended and no building shall be erected or enlarged, unless there is provided for such extension, erection or enlargement, off-street parking space in accordance with the standards listed below. These standards are the minimum requirements. The Planning Board may require a greater number of spaces if the nature and scale of a proposed use warrants such provision. a. two (2) spaces for every residential dwelling unit whether single-family or multiple-family b. one (1) space for every rentable room in a boarding house, rooming house, bed and breakfast, tourist home or similar accommodation, and one (1) space for every bedroom in a group dwelling c. one (1) space for every three (3) beds in a hospital, sanatorium, nursing home or dormitory plus one (1) space for every two (2) employees on the largest shift d. 1.25 spaces for every rentable room in a hotel, motel, inn, cottage colony, or similar transient lodging establishment
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
