Multi-Level Restaurant with
For Sale
$729,000
Pending
554 State Rte 6 Highway, Wellfleet, MA 02667
Commercial Sale, Wellfleet, MA
Property Size2,674 SF
Lot Size1.18 Acres
Days on Market3775
Property Features for 554 State Rte 6 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R40
Parking
40
Parking features
Parking Lot
Basement
Full
Elementary school district
Nauset
Middle school district
Nauset
High school district
Nauset
Directions
Route 6 Wellfleet on the east side.
Subdivision
Wellfleet
Standard status
Pending
APN
42-37-0
Size
2,674 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Year
2016
Tax Annual Amount
4580
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2006
Floors in Building
2
Number of units
1
Flooring type
Carpet, Hardwood, Tile
Building materials
Wood Frame, Shingle Siding
Roof type
Asphalt
Listing Agency:
Kinlin Grover Compass
(508) 240-0334
Listed By:
Nat S Santoro · License #141467
(508) 274-0509
Added: Jun 5, 2016
Changed: Oct 1
Last Checked: Oct 5 at 2:06PM
MLS# 21605142
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.
Investment Insights
Based on property information with market context.
This 2,674-square-foot restaurant was built in 2006 and features a multi-level layout with seating for 50 guests. The property includes an elevator, a circular brick patio for outdoor dining, and a full-year liquor license. Construction includes wood framing with shingle siding, while interior finishes include carpet, hardwood, and tile flooring.
Set on 1.18 acres along State Rte 6 in Wellfleet, the property offers a parking lot and visibility from the route. Building systems include natural gas forced-air heat, central air conditioning, a well water source, septic service, and an asphalt roof.
Set on 1.18 acres along State Rte 6 in Wellfleet, the property offers a parking lot and visibility from the route. Building systems include natural gas forced-air heat, central air conditioning, a well water source, septic service, and an asphalt roof.
Key Highlights
- 2,674‑square‑foot restaurant with seating for 50 guests
- Built in 2006 with a multi‑level layout and elevator
- Circular brick patio supports outdoor dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,239
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,780
$824.8K
Cap Rate 7%
$589,129
$589.1K
Cap Rate 9%
$458,211
$458.2K
Market Conditions
NOI Build-Up for 2,674 SF
Gross rent
$57.8K $21.60/SF
− Vacancy
−$2.8K −$1.04/SF
EGI
$55.0K $20.56/SF
− OpEx
−$13.7K −$5.14/SF
NOI
$41.2K $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%
$824,780
Cap Rate 7%
$589,129
Cap Rate 9%
$458,211
Alternative Uses
Best Use
Specialty Retail
$589.1K
$515.5K – $687.3K
NOI $41,239 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.5K – $1.27M
NOI $76,277 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02667, MA
3,309
Population
4,139
Households
0.8
Avg Household Size
60
Median Age
56%
College-Educated
99%
High-School Grad
16.9 sq mi
ZIP Area
196
Density / Sq Mi
$115,469
Median Household Income
$48,186
Median Earnings
$1,200
Median Rent
$760,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key dining property with a full-year liquor license, outdoor seating, elevator access, and on-site parking.
Where is this conventional restaurant located?
The property is located at 554 State Rte 6 Highway Wellfleet, MA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 2,674‑square‑foot restaurant with seating for 50 guests; Built in 2006 with a multi‑level layout and elevator; Circular brick patio supports outdoor dining
