Cape Cod Restaurant and
2653 Main Street Chatham, MA 02659
2653 Main Street, Chatham, MA, 02659
$950,000
For Sale
$950,000
Successful restaurant with real estate and income-generating apartments near beach.
Property Size2,252 SF
Price / SF$421.85
Days on Market113
Property Features for 2653 Main Street
General Information
- Standard status
- Active
- Size
- 2,252 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1860
Listing Agency
William Raveis Real Estate & Homes Services
Listed by
Sharon Dixon
(617) 680-0690
Source
Inrealtyinc
Added: Mar 27 Checked: Jul 17 at 3:51 am
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 William Raveis Real Estate & Homes Services
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a successful restaurant business, established for 25 years, along with the real estate in a sought-after Cape Cod town. The property is licensed for 42 seats and holds a full seasonal liquor license. Complimentary valet parking is provided. The property also includes a two-bedroom apartment and a studio apartment, offering flexibility to live on-site, rent for additional income, or house staff. Opportunities abound to expand to include lunch or breakfast service, extend the operating season, or even convert the property for residential use or other uses in this district. The property is located less than 3/4 of a mile from the beach. The property size is 2252 square feet. The restaurant currently operates seasonally. The dedicated owners have built a reputation for exceptional cuisine and warm hospitality. Owners are open to creative financing.
Key Highlights
- Successful 25‑year restaurant business with real estate included
- Prime location less than 3/4 mile from the beach in a sought‑after Cape Cod town
- Includes a full seasonal liquor license and 42‑seat capacity
Local Financial Insights For Multifamily LT 5
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 | $74.3k | $33.00 |
| − Vacancy | −$2.6k | −$1.16 |
| EGI | $71.7k | $31.85 |
| − OpEx | −$21.5k | −$9.55 |
| NOI | $50.2k | $22.29 |
2,252 SF · lease $33.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.1K
$627.5K – $836.7K
NOI $50,200 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$644.7K
$564.1K – $752.1K
NOI $45,126 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$917.7K
$803.0K – $1.07M
NOI $64,239 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Successful restaurant with real estate and income-generating apartments near beach.
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: Successful 25‑year restaurant business with real estate included; Prime location less than 3/4 mile from the beach in a sought‑after Cape Cod town; Includes a full seasonal liquor license and **42‑seat capacity**
