Building Details

Year built 1860

Floors in Building 2

Flooring type Wood, Carpet

Building materials Clapboard

Roof type Asphalt, Composition

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin Pepe Show Phone

Added: Sep 4 Changed: Oct 15 Last Checked: Oct 20 at 6:06AM

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MLS# 22604441

Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,252-square-foot property combines a full-service restaurant and bar with a commercial kitchen, creating an integrated food-service operation. The improvements also include a second-floor apartment and an attached residential cottage, providing a mixed-use configuration within the same property. Construction dates to 1860, with clapboard siding, wood and carpet flooring, natural-gas forced-air heat, wall-unit cooling, a composition and asphalt roof, public water, and septic service.

The property occupies 0.22 acres along Route 28 at 2653 Main Street in South Chatham, Chatham, Massachusetts. Its combination of restaurant, bar, kitchen, and residential components offers a clearly defined mixed-use layout within one building arrangement.

Key Highlights

• Full‑service restaurant and bar with commercial kitchen
• 2,252 square feet of property improvements
• Second‑floor apartment included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,731

Cap Rate

3.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$694,620 $694.6K

Cap Rate 7%

$496,157 $496.2K

Cap Rate 9%

$385,900 $385.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,252 SF

Gross rent

$48.6K $21.60/SF

− Vacancy

−$2.3K −$1.04/SF

EGI

$46.3K $20.56/SF

− OpEx

−$11.6K −$5.14/SF

NOI

$34.7K $15.42/SF

Area

Barnstable County, MA

Vacancy

4.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$694,620

Cap Rate 7%

$496,157

Cap Rate 9%

$385,900

Alternative Uses

Best Use

Specialty Retail

$496.2K

$434.1K – $578.9K (±1% cap)

NOI $34,731 @ 7.0% cap · market cap 3.66%

Second Best

Industrial

$464.5K

$406.5K – $542.0K (±1% cap)

NOI $32,518 @ 7.0% cap · market cap 3.42%

Theoretical Best

Office A

$917.7K

$803.0K – $1.07M (±1% cap)

NOI $64,239 @ 7.0% cap · market cap 6.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Parking Lot & Garage Storage Facility Garden Center Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 02633, MA

4,664

Population

5,425

Households

0.9

Avg Household Size

62

Median Age

65%

College-Educated

99%

High-School Grad

8.6 sq mi

ZIP Area

542

Density / Sq Mi

$94,036

Median Household Income

$50,038

Median Earnings

$1,005

Median Rent

$881,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property includes a commercial kitchen and attached residential components.

Where is this conventional restaurant located?

The property is located at 2653 Main Street Chatham, MA.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Full‑service restaurant and bar with commercial kitchen; 2,252 square feet of property improvements; Second‑floor apartment included