769 Route 28 - Restaurant FOR SALE


South Yarmouth, MA 02664
$1,399,000 USD
508-737-3613
769 Route 28, South Yarmouth, MA for Sale
$1,399,000 USD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

769 Route 28
South Yarmouth, MA 02664


OVERVIEW

Discover an exceptional opportunity at a prime location in Yarmouth, MA. This 11,630 SF building offers vast potential for retail or street retail investment, with the added advantage of redevelopment potential for up to 26 residential units. Furthermore, the property is located within the VC2 Overlay Zoning District (ZD), which allows a higher residential density than the underlying Business ZD and HMOD1 Overlay ZD. The VCOD Bylaw permits 16 residential units per acre, translating to approximately 26 units for 1.65 acres. Additional due diligence is required for the full development potential of the site. Boasting a spacious layout, the property provides an ideal canvas for showcasing a retail concept or retail investment. With its strategic placement, businesses can benefit from high visibility on route 28. Located on Massachusetts Route 28, this area boasts numerous amenities and attractions. Within a short distance, professionals can access the Cape Cod Hospital, local dining options, retailers, and picturesque parks nearby. Yarmouth's prime location provides easy access to major roadways, fostering a seamless commute for professionals.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

115

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

B-2, HMO1, VC-2

APN/PARCEL ID

YARM-000033-000034

ASK ABOUT THIS PROPERTY

Adam BauerThe Business ExchangeMore Info
508-737-3613

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Adam BauerThe Business ExchangeMore Info
508-737-3613

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