Property profile

38 Ma-134 Dennis, MA 02660

OFF-MARKET
Office Spaces
650 SF Built 1981
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Property summary

AI-generated overview

This exceptional 650-square-foot Class B office condominium, located at 38 Route 134 in Dennis, Massachusetts, presents a compelling investment opportunity. Built in 1981 and extensively renovated in 2021, this single-unit property boasts a desirable creative/executive office layout. Currently configured as two separate suites with a shared waiting area, this space offers flexibility for owner-occupancy or leasing to multiple tenants. One suite is already leased to an accounting firm, providing immediate income potential. The second suite is available for immediate use or lease. Each suite features carpeting, overhead lighting, tall windows, and skylights, ensuring ample natural light. The loft-style second floor provides a spacious and airy feel, overlooking the ground floor. The property includes two bathrooms on each floor and extensive common areas. Conveniently located near highway Exit 78B (9B), this property offers excellent accessibility. Ample parking is available in front, side, and rear of the building. Signage opportunities are available on a freestanding street sign. The monthly condo fee is $406.30. This is one of ten condominiums in the building, with ownership including a 10% undivided interest in the common areas. The gross lease is available for commencement on June 1st, 2024. The asking price is $99,000, representing a price per square foot of $152.31. The nicely landscaped property is an ideal investment for those seeking a turnkey office space or a strong rental income stream.

Property profile

Verified
Property type Office Spaces
Year built 1981
Total area 650 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

38 Ma-134 Dennis, MA 02660
Dennis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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