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150 Main, Falmouth, MA

Falmouth · MA 02540

$4,000,000
Price
11
Beds
11
Baths
25220
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1924
Units: 13 Units
Lot size: 0.3 Acre Lot
Price per square foot: $169 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

The Eastman Block is a100% occupied mixed-use building with (2) retail stores and (11) apartments. The retail has long term leases offering stable cash flow and the apartments have tremendous upside potential on below-market rents. The gross building area (25,000 + SF) includes basement space utilized by both tenants. The first floor includes two retail suites, but could accommodate up to 4 tenants. The upper floor of the building was converted from office use to residential use under a building permit to remodel the second floor that was issued in 1972 to the former owner. Plans are on file together with the 1972 building permit in the Town of Falmouth. The 11 unit apartment use has operated continually in the building since the mid-1970's. There is a municipal lot behind the building providing parking for the rear entrance of the hardware store. This generational asset has been family owned for over 100 years, bring your offers to purchase this Iconic property - offers due 6/23

Neighborhood & Transit

150 Main, Falmouth · MA 02540

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1467 days
Listing Price:
$4,250,000
Price per Sq.Ft:
$169
Tax Assessment:
$1,636,800 in 2021
Taxes:
$1,638 / Monthly

Home Facts

Interior Features

Bedrooms
11
Full Bathrooms
11
Half Bathrooms
0
Living Area
25,220 Sq.Ft (Includes Basement)
Broker Disclosure about Living Area
below grade: is actually at grade in the rear (excellent usable space)
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
13,242 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Carl Christie
Listing office
Carl Christie
MLS PIN #
72994281
Disclosure
below grade: is actually at grade in the rear (excellent usable space)