62 Marion Rd Mattapoisett, MA 02739-1636
- Investment properties
- 3,838 SF
- 0.41 lot acres
Current Use by Public Records
- Imagination nexus company / E-Commerce Service
- Rustico Kitchen and Bar / Restaurant / Bar
Property Details for 62 Marion Rd
- Year built
- 1930
- Construction
- FRAME
- Lot size
- 0.41 lot acres
- Property size
- 3,838 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- MATT M:5.0 L:122.0
- APU
- MATTM50L1220
Description
This exceptional commercial property at 62 Marion Rd, Mattapoisett, MA, presents a unique investment opportunity. The established Rustico Restaurant occupies a 5,846 square foot building (3,838 square feet net usable space), constructed in 1930 and extensively renovated in 2007. Boasting a highly desirable Route 6 location with 282 feet of frontage, the 1.3-acre lot includes 0.41 acres zoned General Business and 0.89 acres zoned RR3, offering significant expansion potential. The restaurant features two fully equipped kitchens, ideal for dine-in and takeout services, catering to a broad customer base. A large covered patio provides seating for 63 guests. A one-bedroom apartment is located above the commercial space, adding to the property's versatility. Rustico enjoys an excellent reputation, evidenced by its 4.6-star Google rating (based on 211 reviews) and a 4.1-star Yelp rating (63 reviews). The property includes a full liquor license and a handcrafted bar. The existing infrastructure includes natural gas, forced hot air heating, and cooling systems. The ample land provides opportunities for parking expansion or the development of an event venue, further enhancing the property's income potential. This property is perfect for investors, developers, or restaurateurs seeking a turnkey operation in a high-traffic location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $650,000
- 6.5%
- $690,000
- 7%
- $735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $735,000
- Geo Method
- $800,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $715,000
- Mixed-Use
- $635,000
- Hospitality
- $670,000
- Educational
- $660,000
- Residential Income
- $635,000
- Energy
- $590,000
- Income-Based Land
- $600,000
- Food Service
- $670,000
Location Insight
- Map
- Local Demand
- City
- Mattapoisett
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.7895
- Latitude
- 41.6629
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA