Tavern with Liquor
For Sale
$749,900
65 School St, Pembroke, MA 02359
Business A zoning supports hospitality, retail, professional office, and service-oriented uses.
Property Size2,505 SF
Lot Size1.25 Acres
Price / SF$299.36
Days on Market93
Property Features for 65 School St
General Information
Standard status
Active
Size
2,505 SF
Lot size
1.25 Acres
Property subtype
COMMERCIAL
Zoning
Business A
Restaurant
Patio
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$8,186
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Keller Williams South Watuppa
Listed By:
Luke Walen · License #9565991
(774) 473-7290
Source:
Dreamegarealty
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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 Keller Williams South Watuppa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Somewhere Else Tavern is a 2,505-square-foot bar and pub on over 1.25 acres in Pembroke. The property has an interior capacity of 80 and an outdoor seating allowance for 70. Licenses include full liquor service and indoor music. Built in 1967, the building is located in Business A zoning, which supports hospitality, retail, professional office, and service-oriented uses.
The property is on School St near Route 3, within a corridor described as including businesses and residential neighborhoods.
The property is on School St near Route 3, within a corridor described as including businesses and residential neighborhoods.
Key Highlights
- 2,505‑square‑foot tavern building on over 1.25 acres
- Interior capacity of 80, with outdoor seating allowance for 70
- Full liquor and indoor music licenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,303
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,060
$926.1K
Cap Rate 7%
$661,471
$661.5K
Cap Rate 9%
$514,478
$514.5K
Market Conditions
NOI Build-Up for 2,505 SF
Gross rent
$63.1K $25.20/SF
− Vacancy
−$1.4K −$0.55/SF
EGI
$61.7K $24.65/SF
− OpEx
−$15.4K −$6.16/SF
NOI
$46.3K $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%
$926,060
Cap Rate 7%
$661,471
Cap Rate 9%
$514,478
Alternative Uses
Best Use
Specialty Retail
$661.5K
$578.8K – $771.7K
NOI $46,303 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,807 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cumberland Farms
Shops & Services
8,011 visits/mo
0.3 miles
Demographics for 02359, MA
18,361
Population
7,173
Households
2.6
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
842
Density / Sq Mi
$141,332
Median Household Income
$69,860
Median Earnings
$2,413
Median Rent
$550,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Venus III Sports Bar & Restaurant — 252 Main St, Hanson, MA 02341
Frequently Asked Questions
What type of property is this?
Bar & Pub - Business A zoning supports hospitality, retail, professional office, and service-oriented uses.
Where is this bar & pub located?
The property is located at 65 School St Pembroke, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,505‑square‑foot tavern building on over 1.25 acres; Interior capacity of 80, with outdoor seating allowance for 70; Full liquor and indoor music licenses
