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Shopping Strip

Cape Cod Bagel Plaza

419 Palmer Ave, Falmouth, MA 02540

Listing Price: Request For Offer

Gross SF
13,412
Rentable SF
13,412
Lot Size
2.15 acres
Year Built
1989

Investment Overview

Marcus and Millichap is pleased to present a 419 Palmer Ave & 40 Jones Rd. These two parcel combine for a total of 2.22 acres and the property currently has a 13,000 SF retail/office building which is currently 50% occupied by a mix of ecommerce & service-oriented tenants. This provides investors with tremendous upside through adding additional tenants, along with bringing current tenants up to market rate rents. There is also additional upside through development of additional retail space on the Jones Rd property, which is currently being used for parking. Sitting near three Falmouth Public Schools, Falmouth Hospital and Falmouth Academy, this property is centrally located in Cape Cod’s second largest municipality. The property sits at a highly trafficked intersection, that sees over 25,754 vehicles per day. Currently, the building is owner-occupied by Cape Cod Bagel. The remaining occupied spaces are occupied by a local tenants such as a local chiropractor, an exercise studio, and local office tenants. This unique deal allows for the owner to collect income from the current tenants while the permitting process is done for the redevelopment.

Investment Highlights

  • Zoned for commercial use
  • Option to restabilize or tear-down and redevelop
  • 2.22 Acres
  • Current NOI of $112,771 with ample room for rent growth
  • Located in one of the premier vacation destinations on Cape Cod
  • Centrally located within the Town of Falmouth
  • Highly trafficked intersection that sees 25,754 vehicles per day

Exclusively Listed By

Financing By

Shopping Strip

Cape Cod Bagel Plaza

Listing Price: Request For Offer

Gross SF
13,412
Rentable SF
13,412
Lot Size
2.15 acres
Year Built
1989

Investment Highlights

  • Zoned for commercial use
  • Option to restabilize or tear-down and redevelop
  • 2.22 Acres
  • Current NOI of $112,771 with ample room for rent growth
  • Located in one of the premier vacation destinations on Cape Cod
  • Centrally located within the Town of Falmouth
  • Highly trafficked intersection that sees 25,754 vehicles per day

Investment Overview

Marcus and Millichap is pleased to present a 419 Palmer Ave & 40 Jones Rd. These two parcel combine for a total of 2.22 acres and the property currently has a 13,000 SF retail/office building which is currently 50% occupied by a mix of ecommerce & service-oriented tenants. This provides investors with tremendous upside through adding additional tenants, along with bringing current tenants up to market rate rents. There is also additional upside through development of additional retail space on the Jones Rd property, which is currently being used for parking. Sitting near three Falmouth Public Schools, Falmouth Hospital and Falmouth Academy, this property is centrally located in Cape Cod’s second largest municipality. The property sits at a highly trafficked intersection, that sees over 25,754 vehicles per day. Currently, the building is owner-occupied by Cape Cod Bagel. The remaining occupied spaces are occupied by a local tenants such as a local chiropractor, an exercise studio, and local office tenants. This unique deal allows for the owner to collect income from the current tenants while the permitting process is done for the redevelopment.

Exclusively Listed By

Financing By

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