697 Main StChatham, MA 02633

Property Details for 697 Main St

Year built

1962

Construction

FRAME

Lot size

0.26 AC

Property size (Sq ft)

3,415 SF

Zone code

GB2

Property type

Office properties

Property subtype

Office buildings

APN

CHAT M:14E B:0019 L:13A

APU

CHATM14EB0019L13A

Description

This exceptional 4,235-square-foot commercial property at 697 Main Street in Chatham, MA, offers a unique opportunity for businesses seeking a prominent location. Situated on a 0.26-acre lot, this three-story building boasts excellent visibility and signage opportunities, ensuring high exposure for your business. The property underwent a complete renovation by Rick Roy Construction in 2008, with an expansion added in 2015. It is fully ADA-compliant and includes a convenient elevator for easy access to all three floors. Currently configured as professional offices, the layout is highly adaptable to various commercial uses, including retail. The first floor features a welcoming reception area, five private offices, and a comfortable waiting area. The second floor provides six additional offices and a full bathroom. The lower level offers versatile space including two half-bathrooms, a lounge area, a finished room, and access to the building's utilities and elevator mechanics. A large unfinished area presents potential for expansion or customization. Thirteen dedicated parking spaces are available on-site, supplemented by ample public parking directly across the street. This property is ideally suited for a variety of commercial ventures and presents a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $845,270

  6.5%

  $780,249

  7%

  $724,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,204

  Geo Method

  $446,204

• Alternative Use

  Use

  Valuation

  Residential

  $967,509

  Hospitality

  $886,233

  Educational

  $737,336

  Medical

  $762,694

  Retail

  $1,146,966

Location Insight

City

Chatham

County

Barnstable

State

Massachusetts

Latitude

41.6831

Longitude

-69.963

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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