12 Main StOrleans, MA 02653

Property Details for 12 Main St

Year built

1875

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

890 SF

Zone code

VILLAG

Property type

Office properties

APN

ORLE M:025.0 B:0057 L:0001.0

APU

ORLEM0250B0057L00010

Description

This exceptional two-story office building in Orleans Village Center, MA, presents a compelling investment opportunity. The 4,000 square-foot property sits on a half-acre lot, offering ample parking and potential for expansion. Currently housing four tenants with short-term leases across six condominium units, it provides a flexible income stream and diverse layout. The building features a mix of HVAC systems (gas, electric, and central cooling in some areas) and is connected to municipal sewer. Zoned VC, it's ideally situated to attract various businesses. The asking price is $1,300,000 ($325/sq ft, $216,667/unit), with a 60% occupancy rate currently, reaching full occupancy by May 30, 2024. Existing financials are available to qualified buyers under a non-disclosure agreement. The annual real estate tax for all six units is $5,210. Note that a right of first refusal exists for one tenant. This presents a rare chance to acquire a prime commercial property in a desirable location. Built in 1875, the building offers both immediate income and long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $164,536

  6.5%

  $151,879

  7%

  $141,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $116,287

  Geo Method

  $116,287

• Alternative Use

  Use

  Valuation

  Residential

  $188,330

  Hospitality

  $172,509

  Educational

  $143,526

  Medical

  $148,462

  Retail

  $223,262

Location Insight

City

Orleans

County

Barnstable

State

Massachusetts

Latitude

41.79

Longitude

-69.9937

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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