114 State RdBourne, MA 02562

Property Details for 114 State Rd

Year built

1981

Construction

FRAME

Lot size

0.83 AC

Property size (Sq ft)

4,800 SF

Property type

Office properties

Property subtype

Other office properties

APN

BOUR M:3.0 P:36 E:1

APU

BOURM30P36E1

Description

This exceptional 7,263 square foot multi-tenant commercial property in Sagamore Beach, MA, offers a unique blend of industrial, office, and retail space. The building, classified as Class C, features three stories and boasts a well-maintained lower-level shop space ideal for various businesses. This specific unit includes a private office, a private bathroom, and a convenient 8-foot overhead door. Currently, 1,000 square feet of space is available for lease. The property is conveniently located in Barnstable County, providing easy access to Cape Cod and neighboring counties including Barnstable, Bristol, and Plymouth. High-speed internet access is readily available via DSL and cable connections. The upper level offers additional space, with Unit 5 (approximately 1,000+ square feet) featuring a reception area and four separate offices. Utilities are the responsibility of the tenant. For those interested in long-term investment, future ownership interests may be available to tenants. This versatile property presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $793,583

  6.5%

  $732,538

  7%

  $680,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $627,168

  Geo Method

  $627,168

• Alternative Use

  Use

  Valuation

  Residential

  $908,348

  Hospitality

  $832,042

  Educational

  $692,249

  Medical

  $716,056

  Retail

  $1,076,832

Location Insight

City

Sagamore Beach

County

Barnstable

State

Massachusetts

Latitude

41.7934

Longitude

-70.543

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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