Flexible Conventional Restaurant
For Sale
$1,300,000
499 State Rd, Plymouth, MA 02360
Restaurant building with commercial kitchen, offices, and two ADA-accessible restrooms.
Property Size2,015 SF
Lot Size0.78 Acres
Price / SF$301.48
Days on Market57
Property Features for 499 State Rd
General Information
Standard status
Active
Size
2,015 SF
Total Parking Spaces
48
Lot size
0.78 Acres
Property subtype
Commercial
Zoning
RST/Bar
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Seating Capacity
28
Amenities
commercial kitchen
walk-in refrigeration
open dining area
deli/prep kitchen
retail space
ADA-accessible restrooms
second floor offices
3-phase electrical system
propane heat
updated plumbing
newer flooring
modern interior finishes
Building Details
Building Size
2,015 SF
Year Built
2015
Buildings
1
Stories
2
Construction
steel-frame
Tenancy
Single
Listing Agency:
Frank Smith Real Estate, Inc.
(508) 675-5557
Listed By:
Jennifer A. Preston · License #450500460
(508) 207-5611
Source:
Iverty
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 15 at 12:51AM
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 Frank Smith Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 4,312± square-foot steel-frame restaurant property occupies a .78-acre lot and supports multiple commercial configurations. The main level includes a fully equipped commercial kitchen with walk-in refrigeration, a separate deli and prep kitchen, dining space for approximately 28 guests, retail area, and two ADA-accessible restrooms. Upstairs, two offices and an additional ¾ bathroom provide dedicated administrative space. The building was rebuilt between 2015 and 2018 and includes 3-phase electrical service, propane heat, updated plumbing, newer flooring, and modern interior finishes.
The property is positioned along State Road, also identified as Route 3A, in Plymouth, Massachusetts. Approximately 48 parking spaces serve the building, and the site is within the RST/Bar zoning district. Its layout allows operation as one larger commercial space or division for two retail tenants, subject to applicable requirements.
The property is positioned along State Road, also identified as Route 3A, in Plymouth, Massachusetts. Approximately 48 parking spaces serve the building, and the site is within the RST/Bar zoning district. Its layout allows operation as one larger commercial space or division for two retail tenants, subject to applicable requirements.
Key Highlights
- 4,312± sq. ft. steel‑frame building on a .78‑acre lot
- Fully equipped commercial kitchen with walk‑in refrigeration and separate deli/prep kitchen
- Dining area with seating for approximately 28 guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,704
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,080
$1.6M
Cap Rate 7%
$1,138,629
$1.1M
Cap Rate 9%
$885,600
$885.6K
Market Conditions
NOI Build-Up for 4,312 SF
Gross rent
$108.7K $25.20/SF
− Vacancy
−$2.4K −$0.55/SF
EGI
$106.3K $24.65/SF
− OpEx
−$26.6K −$6.16/SF
NOI
$79.7K $18.48/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,080
Cap Rate 7%
$1,138,629
Cap Rate 9%
$885,600
Alternative Uses
Best Use
Specialty Retail
$1.14M
$996.3K – $1.33M
NOI $79,704 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$1.01M
$885.6K – $1.18M
NOI $70,848 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,688 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building with commercial kitchen, offices, and two ADA-accessible restrooms.
Where is this conventional restaurant located?
The property is located at 499 State Rd Plymouth, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,312± sq. ft. steel‑frame building on a .78‑acre lot; Fully equipped commercial kitchen with walk‑in refrigeration and separate deli/prep kitchen; Dining area with seating for approximately 28 guests
