8 Nells WayOrleans, MA 02653

Property Details for 8 Nells Way

Year built

1984

Construction

FRAME

Lot size

0.29 AC

Property size (Sq ft)

3,582 SF

Zone code

GB

Property type

Investment properties

Property subtype

Live-work space

APN

ORLE M:046.0 B:0015 L:0000.0

APU

ORLEM0460B0015L00000

Description

This exceptional special-purpose property, located at 8 Nells Way in Orleans, Massachusetts, presents a unique investment opportunity. The property, identified by APN 46-15-0, sits on a 0.01-acre lot and features a total building area of 3,582 square feet. Currently configured as a single-tenant occupancy, the property offers significant potential for various uses. A key feature is a 444 square foot unit situated in the lower level, providing ample space for storage and operations. This lower-level unit also includes a convenient half bath and boasts 75 feet of dedicated storage space. The property's location in Orleans, MA, zip code 02653, offers easy access to local amenities and transportation routes. The current tenant occupies the entire building and pays a monthly rent of $500, inclusive of all utilities. This presents a stable income stream for the investor, with potential for future rent increases. The property's unique layout and features make it ideal for a variety of businesses seeking a well-maintained space in a desirable location. This is a rare opportunity to acquire a special-purpose property in a thriving Massachusetts town. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $662,210

  6.5%

  $611,271

  7%

  $567,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $468,024

  Geo Method

  $468,024

• Alternative Use

  Use

  Valuation

  Residential

  $757,976

  Hospitality

  $694,302

  Educational

  $577,651

  Medical

  $597,518

  Retail

  $898,568

Location Insight

City

Orleans

County

Barnstable

State

Massachusetts

Latitude

41.7769

Longitude

-70.005

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].