4900 State Hwy Eastham, MA 02642-2760
- Investment properties
- 825 SF
- 0.92 lot acres
Current Use by Public Records
- Sacred Surf School / Surf School
- Outer Cape Surf Shop / Surf Shop
Property Details for 4900 State Hwy
- Year built
- 1977
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 825 SF
- Zone code
- RES &
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- EAST M:0005 L:0122-B
- APU
- EASTM0005L0122B
Description
This exceptional commercial property presents a unique investment opportunity in the thriving town of Eastham, Massachusetts. Situated on the highly visible Route 6, this property boasts a prime location adjacent to the popular Brick House restaurant, ensuring high traffic and visibility. The existing building, constructed in 1977, offers 825 square feet of space, thoughtfully divided into 540 square feet on the first floor and 285 square feet on the second floor. The building features attractive wood floors and a convenient half bath. The expansive lot size of 40,075 square feet (nearly an acre) provides ample space for potential expansion, redevelopment, or ample parking. The current structure is ideal for a variety of businesses, offering immediate occupancy and the chance to establish a thriving enterprise. Alternatively, the substantial lot size and strategic location unlock a wealth of development possibilities, allowing for the creation of a larger commercial building or a mixed-use development to capitalize on the high demand in this area. This property offers unparalleled potential for growth and return on investment in a desirable location. The asking price is $499,000. Don't miss this chance to secure a piece of prime Eastham commercial real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $540,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $520,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $570,000
- Mixed-Use
- $605,000
- Hospitality
- $505,000
- Educational
- $565,000
- Residential Income
- $455,000
- Energy
- $550,000
- Income-Based Land
- $445,000
- Food Service
- $470,000
Location Insight
- Map
- Local Demand
- City
- Eastham
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -69.9847
- Latitude
- 41.8619
- CBSA code
- 12700
- CBSA name
- BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA