Multi-Level Downtown Office
697 Main St Chatham Chatham, MA 02633
697 Main St Chatham, Chatham, MA, 02633
$2,399,000
For Sale
$2,399,000
Three finished office levels with multiple private offices, reception, and substantial unfinished storage space.
Property Size4,235 SF
Price / SF$566.47
Days on Market15
Property Features for 697 Main St Chatham
General Information
- Standard status
- Active
- Size
- 4,235 SF
Building Details
- Year Built
- 1962
Listing agency
(508) 643-8166
Listed by
Sharon Lucido
(508) 643-8166
Source
Bournetosellrealestate
Added: Jul 7 Updated: Jul 10 at 2:13PM Checked: Jul 10 at 2:13PM
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 Sharon Lucido
Investment Insights
Based on property information with market context.
This multi-level office building offers three finished levels designed for client-facing and administrative use. The first floor features a professional reception area, waiting room, and five private offices. The second floor includes six additional offices and a full bathroom, providing room for flexible office layouts and potential conversion considerations. The lower level provides two half bathrooms, lounge space, additional finished areas, utility access, and elevator mechanical room access, along with substantial unfinished storage space that can support back-office functions or future buildout.
The property is located downtown Chatham just before the Main Street Rotary, with prominent Main Street frontage. The building also has rear access and professional signage, supported by central air conditioning and natural gas heat. Wood frame construction and public sewer service are in place.
For tenants, buyers, or operators, the layout supports a range of professional uses that benefit from separate reception, multiple private offices, and a dedicated lower-level area for support functions or added space. The combination of finished office areas and meaningful unfinished storage can help accommodate both day-to-day operations and longer-term expansion needs within the same building footprint.
The property is located downtown Chatham just before the Main Street Rotary, with prominent Main Street frontage. The building also has rear access and professional signage, supported by central air conditioning and natural gas heat. Wood frame construction and public sewer service are in place.
For tenants, buyers, or operators, the layout supports a range of professional uses that benefit from separate reception, multiple private offices, and a dedicated lower-level area for support functions or added space. The combination of finished office areas and meaningful unfinished storage can help accommodate both day-to-day operations and longer-term expansion needs within the same building footprint.
Key Highlights
- 1962‑built commercial office with three finished levels
- First floor: reception area, waiting room, and five private offices
- Second floor: six offices plus a full bathroom
Local Financial Insights For Office B
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 | $148.4k | $35.04 |
| − Vacancy | −$29.7k | −$7.01 |
| EGI | $118.7k | $28.03 |
| − OpEx | −$29.7k | −$7.01 |
| NOI | $89.0k | $21.02 |
4,235 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,037 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,805 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eldredge & Lumpkin Insurance
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three finished office levels with multiple private offices, reception, and substantial unfinished storage space.
Where is this office building located?
The property is located at 697 Main St Chatham Chatham, MA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 1962‑built commercial office with three finished levels; First floor: reception area, waiting room, and five private offices; Second floor: six offices plus a full bathroom
