12 Main St Orleans, MA 02653

Property Details for 12 Main St

Year built

1875

Construction

FRAME

Lot size

0.50 lot acres

Property size

890 SF

Zone code

VILLAG

Property type

Office Properties & Spaces

APN

ORLE M:025.0 B:0057 L:0001.0

APU

ORLEM0250B0057L00010

Description

This exceptional two-story office building in Orleans Village Center, MA, presents a compelling investment opportunity. The 4,000 square-foot property sits on a half-acre lot, offering ample parking and potential for expansion. Currently housing four tenants with short-term leases across six condominium units, it provides a flexible income stream and diverse layout. The building features a mix of HVAC systems (gas, electric, and central cooling in some areas) and is connected to municipal sewer. Zoned VC, it's ideally situated to attract various businesses. The asking price is $1,300,000 ($325/sq ft, $216,667/unit), with a 60% occupancy rate currently, reaching full occupancy by May 30, 2024. Existing financials are available to qualified buyers under a non-disclosure agreement. The annual real estate tax for all six units is $5,210. Note that a right of first refusal exists for one tenant. This presents a rare chance to acquire a prime commercial property in a desirable location. Built in 1875, the building offers both immediate income and long-term growth potential.