Mixed-Use Redevelopment
33 Old Colony Road Harwich, MA 02645
33 Old Colony Road, Harwich, MA, 02645
$575,000
For Sale
$575,000
Harwich Commercial-Village zoned property with approvals to repurpose an existing office building and add four 1-bedroom units.
Property Size860 SF
Price / SF$668.60
Days on Market134
Property Features for 33 Old Colony Road
General Information
- Standard status
- Active
- Size
- 860 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agency
Melanie Cauchon Real Estate
Listed by
Erin C Hemeon
(508) 771-2008
Source
Shorelandrealty
Added: Mar 11 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 3:20AM
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 Melanie Cauchon Real Estate
Investment Insights
Based on property information with market context.
This Harwich Commercial-Village zoned property includes an existing 860 sq ft building that has previously been used as office space. The planned redevelopment calls for repurposing the existing structure and constructing a new 4-unit residential building. Each of the proposed units is designed as a 1-bedroom, 1.5-bath layout, based on a plan recently approved by the Planning Board and ZBA, with engineering and approvals described as complete.
The site is located just steps to Brooks Park and the Community Center. It benefits from a walkable setting within the Commercial-Village Zone.
For developers, investors, or owner-operators, the key advantage here is the streamlined approval path already in place for a mixed-use concept combining the existing building with new residential construction. The property’s mix of a prior office component and approved residential layouts may suit an owner seeking to execute the redevelopment plan using the currently approved design. Please note that all deposits must be made via Deposit Link, and offers must include proof of funds or a current pre-approval letter.
The site is located just steps to Brooks Park and the Community Center. It benefits from a walkable setting within the Commercial-Village Zone.
For developers, investors, or owner-operators, the key advantage here is the streamlined approval path already in place for a mixed-use concept combining the existing building with new residential construction. The property’s mix of a prior office component and approved residential layouts may suit an owner seeking to execute the redevelopment plan using the currently approved design. Please note that all deposits must be made via Deposit Link, and offers must include proof of funds or a current pre-approval letter.
Key Highlights
- Harwich Commercial‑Village zoned property with Planning Board and ZBA approvals in place for redevelopment
- Existing 860 SF office building to be repurposed as part of the approved plan
- Approved redevelopment includes a new 4‑unit residential building
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 | $28.4k | $33.00 |
| − Vacancy | −$993 | −$1.16 |
| EGI | $27.4k | $31.85 |
| − OpEx | −$8.2k | −$9.55 |
| NOI | $19.2k | $22.29 |
860 SF · lease $33.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.6K – $319.5K
NOI $19,171 @ 7.0% cap · market cap 3.33%
Second Best
Office B
$258.3K
$226.0K – $301.4K
NOI $18,081 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Harwich Commercial-Village zoned property with approvals to repurpose an existing office building and add four 1-bedroom units.
Where is this quadplex located?
The property is located at 33 Old Colony Road Harwich, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Harwich Commercial‑Village zoned property with Planning Board and ZBA approvals in place for redevelopment; Existing 860 SF office building to be repurposed as part of the approved plan; Approved redevelopment includes a new 4‑unit residential building
