Austin Realty Group
David Metzdorf, Austin Realty GroupPhone: (617) 905-6061
Email: [email protected]
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listing
1 of 14
MultifamilyPending
$4,250,000
150 Main
Falmouth, MA 02540
Courtesy of Carl Christie - Carl Christie
MLS Property Information Network
11Beds
11Baths
25,220Sq Ft
Est. Mortgage
$22,038/mo

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

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Information courtesy of Carl Christie is subject to verification and is not guaranteed.
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