62 Marion RdMattapoisett, MA 02739

Property Details for 62 Marion Rd

Year built

1930

Construction

FRAME

Lot size

0.41 AC

Property size (Sq ft)

3,838 SF

Zone code

GB

Property type

Investment properties

Property subtype

Live-work space

APN

MATT M:5.0 L:122.0

APU

MATTM50L1220

Description

This exceptional commercial property at 62 Marion Rd, Mattapoisett, MA, presents a unique investment opportunity. The established Rustico Restaurant occupies a 5,846 square foot building (3,838 square feet net usable space), constructed in 1930 and extensively renovated in 2007. Boasting a highly desirable Route 6 location with 282 feet of frontage, the 1.3-acre lot includes 0.41 acres zoned General Business and 0.89 acres zoned RR3, offering significant expansion potential. The restaurant features two fully equipped kitchens, ideal for dine-in and takeout services, catering to a broad customer base. A large covered patio provides seating for 63 guests. A one-bedroom apartment is located above the commercial space, adding to the property's versatility. Rustico enjoys an excellent reputation, evidenced by its 4.6-star Google rating (based on 211 reviews) and a 4.1-star Yelp rating (63 reviews). The property includes a full liquor license and a handcrafted bar. The existing infrastructure includes natural gas, forced hot air heating, and cooling systems. The ample land provides opportunities for parking expansion or the development of an event venue, further enhancing the property's income potential. This property is perfect for investors, developers, or restaurateurs seeking a turnkey operation in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $690,415

  6.5%

  $637,307

  7%

  $591,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $501,473

  Geo Method

  $501,473

• Alternative Use

  Use

  Valuation

  Residential

  $790,260

  Hospitality

  $723,874

  Educational

  $602,255

  Medical

  $622,967

  Retail

  $936,841

Location Insight

City

Mattapoisett

County

Plymouth

State

Massachusetts

Latitude

41.6629

Longitude

-70.7895

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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