4900 State HwyEastham, MA 02642

Property Details for 4900 State Hwy

Year built

1977

Construction

FRAME

Lot size

0.92 AC

Property size (Sq ft)

825 SF

Zone code

RES &

Property type

Investment properties

Property subtype

Live-work space

APN

EAST M:0005 L:0122-B

APU

EASTM0005L0122B

Description

This exceptional commercial property presents a unique investment opportunity in the thriving town of Eastham, Massachusetts. Situated on the highly visible Route 6, this property boasts a prime location adjacent to the popular Brick House restaurant, ensuring high traffic and visibility. The existing building, constructed in 1977, offers 825 square feet of space, thoughtfully divided into 540 square feet on the first floor and 285 square feet on the second floor. The building features attractive wood floors and a convenient half bath. The expansive lot size of 40,075 square feet (nearly an acre) provides ample space for potential expansion, redevelopment, or ample parking. The current structure is ideal for a variety of businesses, offering immediate occupancy and the chance to establish a thriving enterprise. Alternatively, the substantial lot size and strategic location unlock a wealth of development possibilities, allowing for the creation of a larger commercial building or a mixed-use development to capitalize on the high demand in this area. This property offers unparalleled potential for growth and return on investment in a desirable location. The asking price is $499,000. Don't miss this chance to secure a piece of prime Eastham commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $152,519

  6.5%

  $140,787

  7%

  $130,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,794

  Geo Method

  $107,794

• Alternative Use

  Use

  Valuation

  Residential

  $174,575

  Hospitality

  $159,910

  Educational

  $133,043

  Medical

  $137,619

  Retail

  $206,956

Location Insight

City

Eastham

County

Barnstable

State

Massachusetts

Latitude

41.8619

Longitude

-69.9847

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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