For Sale
$1,300,000

12 Main StOrleans, MA 02653

Prime Cape Cod Office, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional two-story office building in Orleans Village Center, MA, presents a compelling investment opportunity. The 4,000 square-foot property sits on a half-acre lot, offering ample parking and potential for expansion. Currently housing four tenants with short-term leases across six condominium units, it provides a flexible income stream and diverse layout. The building features a mix of HVAC systems (gas, electric, and central cooling in some areas) and is connected to municipal sewer. Zoned VC, it's ideally situated to attract various businesses. The asking price is $1,300,000 ($325/sq ft, $216,667/unit), with a 60% occupancy rate currently, reaching full occupancy by May 30, 2024. Existing financials are available to qualified buyers under a non-disclosure agreement. The annual real estate tax for all six units is $5,210. Note that a right of first refusal exists for one tenant. This presents a rare chance to acquire a prime commercial property in a desirable location. Built in 1875, the building offers both immediate income and long-term growth potential.

Highlights

  • Asking price: $1,300,000 for this multi-tenant office building.
  • 4,000 square feet of rentable space in a 2-story building on a 0.5-acre lot.
  • 60% occupancy with four tenants, offering immediate income and future leasing flexibility.
  • Located in Orleans, MA, in the Village Center (VC) zone, with a manageable real estate tax of $5,210.
  • Features mixed HVAC systems (gas and electric heating, some central cooling) and municipal sewer connection.

Property Details for 12 Main St

Property type
Office properties, Office space
Square Feet
4,000 SF
Class
C
Year Built
1875
Buildings
1
Stories
2
Lot Size (sq. ft)
21,780 SF
Units
6

Location Insight

City
Orleans
County
Barnstable
State
Massachusetts
Latitude
41.789809627302
Longitude
-69.993996405475
12 Main St, Orleans, Massachusetts

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12 Main St
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