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Property profile & analytics
FOR SALE
Investment properties

20 Bank St Wellfleet, MA 02667

3,119 SF 0.26 ac lot Built 1945
Individually Owned 28-yr Hold ~ Est. High Equity
Property ID
US38-1371233
Property summary
AI-generated overview

This captivating 0.26-acre property at 20 Bank Street, Wellfleet, MA, presents a unique investment opportunity. Originally built in 1946 as the Orchard Grille, it later became the renowned Blue Heron Gallery in 1978. The building is zoned for both multi-use commercial and residential purposes, offering exceptional flexibility for the new owner. Currently operating as an art gallery, the property boasts significant character and charm, ready for immediate use or creative transformation. The interior offers the potential for a comfortable residential conversion, including two bedrooms, allowing for a blend of work and living space. Imagine waking up to breathtaking harbor views, a truly idyllic setting. The property has been meticulously maintained, showcasing pride of ownership. Recent improvements include a newer roof, updated landscaping, modern windows, and Azek trim, ensuring the property is in excellent condition. Priced at $1,350,000, this property represents a chance to own a piece of Wellfleet's rich history and create a unique and profitable venture. The property's location just off Main Street provides excellent visibility and accessibility. Don't miss this rare opportunity to acquire a versatile and historically significant property in the desirable town of Wellfleet.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1945
Construction FRAME
Total area 3,119 SF
Lot 0.26 ac (11,326 SF)
Zoning code CENTRA
APN WELL M:015.0 B:0085 L:0000.0
UPID US38-1371233
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Blue Heron Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$670k
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k
Owner & transaction history
Royal C Thurston 3rd · 28 yrs held
Royal C Thurston 3rd
since 1998
3 recorded transactions
2004
Price N/A
1998
$350,000
1998
Price N/A
Zoning & alternative use
CENTRA · Wellfleet, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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