Remodeled Medical Office
For Sale
$54,000
37 Edgerton Drive #STE 3, North Falmouth, MA 02556
Move-in ready medical condo with a leased national dermatology tenant and tenant-paid HOA in a maintained complex.
Property Size2,284 SF
Lot Size2.87 Acres
Price / SF$23.64
Days on Market60
Property Features for 37 Edgerton Drive #STE 3
General Information
Standard status
Active
Size
2,284 SF
Lot size
2.87 Acres
Property subtype
Commercial: Condominium
Zoning
LA
Occupancy
100%
Financials
Cap Rate
8.5%
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,182
Building Details
Building Size
2,284 SF
Year Built
1970
Buildings
1
Stories
1
Units
3
Tenancy
Single
Listing Agency:
Gibson Sotheby's International Realty
(508) 349-3100
Listed By:
Joe T DeMartino · License #9088092
(508) 349-3100
Source:
Downcaperealty
Added: Jun 11
Changed: Aug 8
Last Checked: Jul 15 at 10:20PM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This fully remodeled medical office condo offers 2,284 SF of clinic-ready space designed for patient flow and exam-based care. The interior includes a waiting room, reception area, two offices, six exam rooms, an ADA restroom, and a break room with kitchenette, plus a dedicated storage area. The unit has been renovated with a brand-new HVAC system and an A/C condenser. The condo ownership includes a 25% common interest in the larger condo complex.
The property is located at 37 Edgerton Drive, Suite 3, in North Falmouth, MA. The investment includes a lease in place with a national dermatology firm tenant, with the unit being offered at a stated +/- 8.5% cap rate. Tenant-paid HOA fees cover master insurance, exterior maintenance, snow removal, parking lot upkeep, and landscaping, helping reduce recurring landlord responsibilities. Onsite parking is provided, and the condo complex sits on approximately 2.87 acres.
For buyers evaluating owner occupancy or an investment purchase, the suite’s extensive exam room layout and updated mechanicals support immediate medical use. The tenant-paid HOA structure may also simplify monthly expense management, while the maintained shared exterior and parking elements help preserve day-to-day operational continuity.
The property is located at 37 Edgerton Drive, Suite 3, in North Falmouth, MA. The investment includes a lease in place with a national dermatology firm tenant, with the unit being offered at a stated +/- 8.5% cap rate. Tenant-paid HOA fees cover master insurance, exterior maintenance, snow removal, parking lot upkeep, and landscaping, helping reduce recurring landlord responsibilities. Onsite parking is provided, and the condo complex sits on approximately 2.87 acres.
For buyers evaluating owner occupancy or an investment purchase, the suite’s extensive exam room layout and updated mechanicals support immediate medical use. The tenant-paid HOA structure may also simplify monthly expense management, while the maintained shared exterior and parking elements help preserve day-to-day operational continuity.
Key Highlights
- 2,284 SF medical commercial condo in a condo complex with a leased national dermatology tenant
- Lease in place offered at approximately 8.5% cap rate (per provided remarks)
- Unit includes waiting room, reception, 2 offices, 6 exam rooms, ADA restroom, and break room with kitchenette
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02556, MA
3,338
Population
2,751
Households
1.2
Avg Household Size
58
Median Age
69%
College-Educated
100%
High-School Grad
3.9 sq mi
ZIP Area
856
Density / Sq Mi
$133,929
Median Household Income
$68,750
Median Earnings
$658,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical condo with a leased national dermatology tenant and tenant-paid HOA in a maintained complex.
Where is this medical office space located?
The property is located at 37 Edgerton Drive #STE 3 North Falmouth, MA.
What is the asking price?
The asking price for this property is $54,000.
What are key features of this property?
This property features: 2,284 SF medical commercial condo in a condo complex with a leased national dermatology tenant; Lease in place offered at approximately 8.5% cap rate (per provided remarks); Unit includes waiting room, reception, 2 offices, 6 exam rooms, ADA restroom, and break room with kitchenette
