157 Locust StFalmouth, MA 02540

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 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.

• 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 Income

  $1,105,142

  Hospitality / Lodging

  $1,012,304

  Institutional / Educational

  $842,225

  Healthcare / Senior Housing

  $871,190

  Retail / Commercial

  $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

FAQs

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