450 Main St Chatham, MA 02633
For Lease
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This exceptional investment opportunity in Chatham, MA, presents a thriving retail business coupled with a valuable real estate asset. Located at 450 Main Street, this property boasts a charming storefront with ample display space, creating a welcoming shopping environment. The business, renowned for its curated selection of fine gifts, furniture, and home accessories sourced from local artisans, has cultivated a strong reputation over its 64-year history. Its prime location, just half a mile from the Chatham Lighthouse and the Atlantic Ocean, ensures high visibility and foot traffic. Adding significant value, the property also includes five one-bedroom apartments currently available for lease, representing a lucrative income stream in a competitive rental market. The 0.26-acre lot provides ample space for the existing business and rental units. This unique offering combines the established success of a long-standing retail enterprise with the potential for substantial rental income, making it an attractive investment opportunity in a desirable coastal location. The property's strong community ties and diverse product range contribute to its enduring appeal and profitability. This is a rare chance to acquire a well-established business and valuable real estate in one of Cape Cod's most sought-after towns. The asking price is $4,498,000.
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Tale of the Cod (Bike/Boat/Book/etc) Store
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB2 · Chatham, MAChatham. 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.