98 Water StPlymouth, MA 02360

Property Details for 98 Water St

Year built

1965

Construction

FRAME

Lot size

0.96 AC

Property size (Sq ft)

34,938 SF

Zone code

DH

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PLYM M:0017 B:0000 L:0152

APU

PLYMM0017B0000L0152

Description

This exceptional commercial opportunity presents 1,000 to 6,000 square feet of ground-floor retail or restaurant space at 98 Water Street in historic Plymouth, MA. Located in the beautifully renovated former Governor Bradford Hotel, this street-front location offers unparalleled visibility and accessibility. The space is part of a mixed-use development, combining vibrant commercial space with residential apartments above. The property boasts a total lot size of 0.96 acres, providing ample space and potential for outdoor seating. A restaurant tenant could potentially seat up to 160 patrons, with the added benefit of an outdoor patio area directly on Water Street, capitalizing on the bustling waterfront activity. The flexible space allows for customization to suit a variety of retail or restaurant concepts. This is a rare chance to establish a business in a prime location within a revitalized landmark building in the heart of Plymouth. The building's transformation is underway, presenting a unique opportunity to be part of a thriving community. The total square footage available is highly adaptable, ranging from 1,000 to 6,000 square feet, catering to various business needs and expansion plans. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,776,295

  6.5%

  $5,331,964

  7%

  $4,951,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,564,999

  Geo Method

  $4,564,999

• Alternative Use

  Use

  Valuation

  Residential

  $6,611,636

  Hospitality

  $6,056,223

  Educational

  $5,038,706

  Medical

  $5,211,996

  Retail

  $7,837,988

Location Insight

City

Plymouth

County

Plymouth

State

Massachusetts

Latitude

41.9594

Longitude

-70.6651

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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