61 Main St Bourne, MA 02532
- Retail space
- 10,614 SF
- 0.37 lot acres
Current Use by Public Records
- Buzzards Bay Antiques / Antique Store / Antique Furniture Store
- Crowley and Crowley Studios / Website Designer
Property Details for 61 Main St
- Year built
- 1860
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 10,614 SF
- Property type
- Retail space
- APN
- BOUR M:23.2 P:66
- APU
- BOURM232P66
Description
This exceptional commercial property, located at 61 Main Street in Bourne, Massachusetts, presents a unique investment opportunity. Situated on a 0.37-acre lot in the heart of Buzzards Bay, this building boasts over 10,000 square feet of space, with over 7,000 square feet dedicated to commercial use. Currently leased as an antique store, the property enjoys a highly desirable central location directly across from the train station, a bus stop, and a park, providing unparalleled accessibility and visibility. The property also offers stunning waterviews, enhancing its appeal and desirability. The Downtown Core zoning designation unlocks a wide array of development possibilities, making this property exceptionally versatile and attractive to a diverse range of potential buyers. Its strategic location near the Cape Cod Canal further amplifies its commercial potential. The substantial square footage, coupled with its prime location and flexible zoning, makes this a rare find in the Buzzards Bay market. This property is priced at $680,000 and offers significant upside potential for savvy investors seeking a high-impact commercial investment in a thriving community. The existing lease provides immediate income potential, while the zoning allows for future expansion or redevelopment to suit a variety of commercial ventures. Don't miss this chance to acquire a truly exceptional commercial property in a highly sought-after location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $455,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $425,000
- Mixed-Use
- $395,000
- Hospitality
- $435,000
- Educational
- $370,000
- Residential Income
- $385,000
- Energy
- $460,000
- Income-Based Land
- $435,000
- Food Service
- $465,000
Location Insight
- Map
- Local Demand
- City
- Bourne
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.6152
- Latitude
- 41.7455
- CBSA code
- 12700
- CBSA name
- BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA
