157 Locust StFalmouth, MA 02540
- Office properties
- 3,901 SF
Property Details for 157 Locust St
- Year built
- 1934
- Construction
- FRAME
- Lot size
- 0.28 AC
- Property size (Sq ft)
- 3,901 SF
- Zone code
- GR
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- FALM 47A S:01 P:048 L:000
- APU
- FALM47AS01P048L000
Description
This exceptional 994 square foot traditional office space is available for lease at 157 Locust Street in Falmouth, Massachusetts, 02540. The completely renovated unit boasts 100% heat and air conditioning, ensuring year-round comfort. Conveniently located near Route 28 and Main Street Falmouth, this property offers easy access to area businesses, shopping, and transportation. A significant advantage is its proximity to the Shining Sea Bike Path, located directly behind the building. The space is perfect for a single tenant and includes reserved parking. The property is zoned GR - General Residence. This upper-level commercial space is offered at a monthly rate of $995, with the first month's rent waived for a 13-month lease. Don't miss this opportunity to secure a well-appointed office in a desirable Falmouth location. The property's convenient access to major roadways and local amenities makes it an ideal choice for businesses seeking a productive and accessible workspace.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $965,514
- 6.5%
- $891,243
- 7%
- $827,583
-
Comparable approach
- Method
- Valuation
- Relative Method
- $509,705
- Geo Method
- $509,705
-
Alternative Use
- Use
- Valuation
- Residential
- $1,105,142
- Hospitality
- $1,012,304
- Educational
- $842,225
- Medical
- $871,190
- Retail
- $1,310,128
Location Insight
- City
- Falmouth
- County
- Barnstable
- State
- Massachusetts
- Latitude
- 41.5521
- Longitude
- -70.6265
- CBSA code
- 12700
- CBSA name
- BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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