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Property summary
Exceptional commercial opportunity in Chatham, MA, priced at $1,995,000. This property features two buildings situated on a spacious 21,780 square foot lot. The first building, constructed in 1995, offers 948 square feet of space, including a full bath, office, full basement, two gas heaters, and a Viessman hot water heater. The second building, built in 2003, provides 1,638 square feet with two bays and a carport. The first floor of the second building is equipped with a gas heater, while the second floor is ready for finishing, presenting significant potential for expansion or customization. The property is zoned GB3, allowing for a variety of permitted uses as detailed in the provided documents, including the GB3 standard permitted uses section 3.4 and Appendix 1 "Schedule of Use Regulations." Floor plans and a septic site plan are available for review. Previous uses include a builder's workshop and storage for automobiles, boats, and vintage motorcycles. The property includes owned solar panels. Total square footage is 2,586. All information should be independently verified. This unique property presents a compelling investment opportunity with diverse possibilities.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ts For the purpose of this Bylaw, the Town of Chatham is divided into the following basic districts: Residential: R20, R20A, R30 (5/12/97 ATM), R40, R40A (5/16/01 ATM), R60 Small Business: SB General Business: GB1, GB2,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Chatham market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
GB3 · Chatham, MAts For the purpose of this Bylaw, the Town of Chatham is divided into the following basic districts: Residential: R20, R20A, R30 (5/12/97 ATM), R40, R40A (5/16/01 ATM), R60 Small Business: SB General Business: GB1, GB2,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ts For the purpose of this Bylaw, the Town of Chatham is divided into the following basic districts: Residential: R20, R20A, R30 (5/12/97 ATM), R40, R40A (5/16/01 ATM), R60 Small Business: SB General Business: GB1, GB2,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB3 in Chatham, MA.
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