Waterfront Retail and Restaurant
For Sale
$3,295,000
87 Water St, Falmouth, MA 02543
Landmark waterfront retail and restaurant property in iconic Cape Cod village.
Property Size3,744 SF
Lot Size0.70 Acres
Price / SF$880.07
Days on Market108
Property Features for 87 Water St
General Information
Standard status
Active
Size
3,744 SF
Lot size
0.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,475
Building Details
Year Built
1920
Listing Agency:
Hartel Realty
(617) 256-3169
Listed By:
Greg Hartel
(617) 256-3169
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 3:05PM
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 Hartel Realty
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a waterfront retail and restaurant location in a prominent Cape Cod village. The two-story building, totaling 3,744 square feet, is situated on a 0.70-acre site and features a market on the first floor and a 68-seat restaurant on the second level. The property benefits from its location on Water Street, which provides foot traffic, street parking, and proximity to marine laboratories, research facilities, ferry services, marinas, shops, and dining options. The existing inventory is included, offering immediate operational value for an owner-user or investor. The property offers a waterfront setting with indoor spaces and upper-level dining views over Eel Pond. The property is located in a coastal destination. The bike score is 35, indicating it is somewhat bikeable, and the walk score is 47, indicating car-dependent accessibility.
Key Highlights
- Landmark waterfront property with established market and restaurant.
- Fully operational 68‑seat restaurant and market included.
- Prime location overlooking Eel Pond in iconic Cape Cod village.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02543, MA
756
Population
1,093
Households
0.7
Avg Household Size
56
Median Age
86%
College-Educated
100%
High-School Grad
11.3 sq mi
ZIP Area
67
Density / Sq Mi
$73,611
Median Household Income
$59,135
Median Earnings
$1,206
Median Rent
$909,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Landmark waterfront retail and restaurant property in iconic Cape Cod village.
Where is this grocery and convenience store located?
The property is located at 87 Water St Falmouth, MA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Landmark waterfront property with established market and restaurant.; Fully operational 68‑seat restaurant and market included.; Prime location overlooking Eel Pond in iconic Cape Cod village.
