20 Bank St, Wellfleet, MA 02667
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.
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Blue Heron Gallery Art Gallery
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CENTRA · Wellfleet, MAWellfleet. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.