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(781) 454-6043
EXIT Premier Real Estate
52 Falmouth Road, Mashpee, MA 02649
- $650,000
- 2,552
- SqFt
- List Price
- $650,000
- Status
- NEW
- MLS#
- 73595855
- Living Area
- 2,552
- Lot Size (Acres)
- 1.16
- Year Built
- 1985
Property Description
52 Falmouth Road (Route 28), Mashpee is a compelling opportunity to acquire a former restaurant that benefits from excellent demographics, high visibility, strong traffic counts and a thriving trade area. Property consists of a 2,552 square foot wood frame commercial building on a concrete slab foundation. The improvement is situated on a 1.16 acre parcel of land. Originally constructed in 1985, the weather tight property features asphalt roof shingles, clapboard siding and commercial grade windows and doors. Asphalt parking in the front and gravel parking in the rear provides ample convenience for end users, tenants and customers. 52 Falmouth Road offers investors an opportunity to acquire a C2 zoned commercial property located directly between abutting Wendy's and abutting Jiffy Lube. Multiple value creation levers exists for a commercial end user to use the existing building envelop, a restauranteur to re-establish a restaurant or for a developer to permit more density on the 1.16 acre site. The Mashpee market continues to demonstrate strong fundamentals, supporting long-term appreciation. The surrounding trade area is characterized by high average household incomes, dense population counts, and a concentration of complementary retail and service-oriented businesses. The former restaurant had a loyal following and long history prior to closing approximately 4 years ago. Septic system has not been inspected. Subject to buyer inspection. The property is being offered in as-is condition. Route 28 commercial property at this price will not last long.
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Listing courtesy of Listing Agent: Greg Donahue from Listing Office: Local Realty Advisors.
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