Historic Building with Panoramic Bay
For Sale
$2,000,000
8 Carver Street Plymouth, Plymouth, MA 02360
7,000 SF Plymouth building with versatile zoning and scenic views.
Property Size7,000 SF
Price / SF$285.71
Days on Market168
Property Features for 8 Carver Street Plymouth
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Land
Zoning
DH
Taxes and HOA fees
Annual Taxes
$13,938
Listed By:
Jadaiya Stanley
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 15
Changed: Oct 25
Last Checked: Oct 7 at 8:56AM
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 Jadaiya Stanley
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Investment Insights
Based on property information with market context.
This 7,000-square-foot building offers scenic views of Plymouth, Kingston, and Duxbury Bay. Perched atop Cole's Hill, the property provides panoramic vistas of Plymouth Rock, the Mayflower II, Long Beach, and Saquish Beach. The "downtown harbor" zoning makes this property an investment opportunity, allowing for single and multi-family residential developments, an inn or hotel, a restaurant, office spaces, retail outlets, a historical museum, a cinema, and other possibilities. Originally constructed as a church in 1903, the structure features brick and stone architecture, large stained glass windows, and ample parking.
Key Highlights
- Panoramic views of Plymouth Rock, Mayflower II, Long Beach, and Saquish Beach.
- "Downtown harbor" zoning allows for diverse development options.
- Large 7,000‑square‑foot building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,620
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,400
$1.4M
Cap Rate 7%
$966,000
$966.0K
Cap Rate 9%
$751,333
$751.3K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$117.6K $16.80/SF
− Vacancy
−$9.4K −$1.34/SF
EGI
$108.2K $15.46/SF
− OpEx
−$40.6K −$5.80/SF
NOI
$67.6K $9.66/SF
Area
Plymouth County, MA
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,400
Cap Rate 7%
$966,000
Cap Rate 9%
$751,333
Alternative Uses
Best Use
Mixed Use
$966.0K
$845.3K – $1.13M
NOI $67,620 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M
NOI $290,078 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - 7,000 SF Plymouth building with versatile zoning and scenic views.
Where is this mixed-use property located?
The property is located at 8 Carver Street Plymouth Plymouth, MA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Panoramic views of Plymouth Rock, Mayflower II, Long Beach, and Saquish Beach.; "Downtown harbor" zoning allows for diverse development options.; Large 7,000‑square‑foot building.
