1273 Rte 28 South Yarmouth, MA 02664-4454
This exceptional commercial property at 1273 Route 28 in South Yarmouth, Massachusetts, presents a unique investment opportunity. The 5,000 square-foot building, constructed in 1940, sits on a sizable 20,038 square-foot lot boasting excellent frontage on Route 28, ensuring high visibility and accessibility. The property includes a spacious display area ideal for showcasing merchandise, along with ample warehouse space for storage and inventory management. A large parking lot provides convenient customer parking. The current business, Riverview Bait and Tackle, has been successfully operating for 32 years. The sale includes an owner-owned solar system, eliminating electricity costs. The asking price for the real estate alone is $1,475,000. A separate purchase option includes the established business and inventory for an additional $375,000, bringing the total package price to $1,850,000. This turnkey operation is perfect for an entrepreneur looking to acquire an established business with significant growth potential in a high-traffic location. The property is located in Barnstable County, MA, zip code 02664.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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