450 Main St - Storefront Retail/Residential FOR SALE


Chatham, MA 02633
$4,498,000 USD
508-962-5022
450 Main St, Chatham, MA for Sale
$4,498,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

450 Main St
Chatham, MA 02633


OVERVIEW

Investor’s Summary: Tale of the Cod Property and Business Overview Tale of the Cod represents a compelling investment opportunity combining a successful retail business with attractive real estate in a highly sought-after location in Chatham, Massachusetts. Known for its fine gifts, furniture, and home accessories, this iconic store is positioned in a prime spot on Main Street, just half a mile from Chatham Lighthouse and the Atlantic Ocean. The store’s reputation, established over 64 years, alongside its diverse product offerings sourced from local artisans, underpins its strong community and customer ties. Property Details Location: 450 Main Street, Chatham, MA Facilities: Includes a charming storefront with ample display space designed to provide a comfortable and inviting shopping experience. Additional Real Estate: The property features 5 one-bedroom apartments for lease, an attractive addition in a competitive rental housing market. Business Highlights Product Range: Offers a wide range of high-quality products, including exclusive brands and handcrafted items from local craftsmen. Community Presence: A beloved establishment with deep roots and strong loyalty among local customers. Financials: The business has demonstrated substantial profitability, backed by IRS returns. Full financial details will be provided to qualified buyers. Investment Potential Offering Price: $4,498,000 for the business and real estate. Inventory can be purchased at wholesale cost. Flexibility: The location’s versatility allows for potential concept changes or business expansions, maximizing adaptability to market trends. Market Position: Positioned in a thriving, high-foot-traffic area, ensuring continued visibility and customer engagement. Inspection: Showings and further financial disclosures are available by appointment to serious and qualified prospective buyers. This investment is not just the purchase of a profitable business but also an entry into a storied community landmark with additional revenue from residential leasing, presenting a diverse income stream in a robust economic area.

FOR SALE DETAILS

PRICE

$4,498,000 USD

PRICE/SF

$616 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Tale of the Cod

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,408 SF

ZONING

GB2

APN/PARCEL ID

CHAT-000015D-000050-000091

ASK ABOUT THIS PROPERTY

Kevin PepeCommercial Realty Advisors, Inc.More Info
508-962-5022

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Kevin PepeCommercial Realty Advisors, Inc.More Info
508-962-5022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.