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    Dennisport Commercial Land Opportunity Title is generated by Realmo AI

    255 Lower County Road, Dennis Port, MA 02639

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    Claim this Listing
    For Sale
    $375,000

    Two commercially zoned parcels near the beach, sold as one package.

    Type:Commercial
    Property size:
    1,100 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $340/SF
    Added:
    Oct 25, 2024
    Days on Market:
    596
    Last Refresh:
    Apr 16 at 8:35 pm

    Property Features for 255 Lower County Road

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Lot size
    0.25 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

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    Listing Contact
    RYAN MANN

    Listing agent RYAN MANN

    Listing office SOTHEBY'S INTERNATIONAL REALTY

    Listing date Oct 25, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SOTHEBY'S INTERNATIONAL REALTY

    HighLights

    • Prime Dennisport location, only 0.4 miles from the beach.
    • Two commercially zoned buildings included in one package.
    • .25 acres of land in a desirable area.
    • Versatile 1100+-sqft building suitable for various business ventures or redevelopment.
    • Additional parcel (247 Lower County Road) offers potential for parking or storage.
    • Located near shops and restaurants in a thriving community.

    Overview

    This offering includes two commercially zoned buildings on Lower County Road, sold together as one package. The property is located in Dennisport, approximately 0.4 miles from the beach. One parcel, located at 255 Lower County Road, features a 900+-sqft storage building and a 1100+-sqft building. Previous uses for the 1100+-sqft building include a gift shop, t-shirt shop, and real estate office. The second parcel, located at 247 Lower County Road, is coded as land and undevelopable on the assessor's card. This parcel offers potential for parking, storage, or other accessory uses that can enhance the value of the main property in accordance with approval from the town. The combined area of the two parcels is 0.25 acres. The location is near shops and restaurants.

    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 $33.0k $30.00
    − Vacancy −$726 −$0.66
    EGI $32.3k $29.34
    − OpEx −$9.7k −$8.80
    NOI $22.6k $20.54
    1,100 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $322.7K
    $282.4K – $376.5K (±1% cap)
    NOI $22,592 @ 7.0% cap · market cap 6.02%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $448.3K
    $392.2K – $523.0K (±1% cap)
    NOI $31,378 @ 7.0% cap · market cap 8.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dennis Port
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1357
    Latitude
    41.6664

    FAQs

    What type of property is this?
    Commercial land - Two commercially zoned parcels near the beach, sold as one package.
    Where is this commercial land located?
    The property is located at 255 Lower County Road Dennis Port, MA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Prime Dennisport location, only 0.4 miles from the beach.; Two commercially zoned buildings included in one package.; .25 acres of land in a desirable area.
    More about this property
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