359 Main Street, Chatham, MA 02633 (MLS# 21206226)

359 Main Street, Chatham, MA 02633

$3,050,000
Property Type: Commercial Square Footage: 9,173 Lot Size (sq. ft.): 41,817 Status: Closed
Current Price: $3,050,000 List Date: 7/06/2012 Last Modified: 9/29/2024

Overview

Description

Own this world class Cape Cod Inn on the desirable Chatham Main Street. A rare opportunity in this location on the quiet end of Main, near the beach. The Inn has beautiful spacious guest common areas: inviting, expansive, shaded front porch, large guest sitting room w/fpl, large dining room/meeting/event space w/fpl and intimate tavern w/ fpl. Seating for 60. Full liquor license, large commercial kitchen, 18 lovely guest rooms, 8 w/fpls. Ample parking, owners/managers quarters. Strong financials. Cash flows and has room to grow revenue in this perfect village location surrounded by shops and galleries for browsing. Stroll to beaches, theatre, restaurants. Near golf, kayaking, whale watching, island ferries and so much more. Family owned and operated for over a decade. Licensed,

Supplements: inspected, financials available to qualified buyers.

Listing Details MLS# 21206226

Contract Info

Original List Price
3695000
List Price/SqFt
373.38

Legal and Taxes

Street #
359
Street Name
Main
Street Suffix
Street
County
Barnstable
Town
Chatham
Village
Chatham
State
MA
Zip Code
02633
Tax ID
16C-83-67
Estimated Annual Taxes
11374
Tax Year
2012
Building Assessments
1576700
Total Assessment
2556100
Title Reference - Book
11972
Title Reference - Page
228
Land Court Cert #
N/A
Underground Fuel Tank
Unknown
Lead Base Paint
Unknown
Mass Use Code
302 - Inn/Resort/Tourist Homes

General Property Info

Region
Lower Cape
Primary Sub-Type
Hotel/Motel
Zoning
Commercial
# of Buildings
Yes
# of Units
18
Total Finished Space
9173
Year Built
1830
Lot Size SqFt
41817
Lot Size Source
Field Card
Acres
0.96
# of Parking Spaces
25
Waterfront
No
Waterview
No

Status Change Info

Concessions
No
Date of Accepted Offer
2013-04-27
Estimated Selling Date
2013-12-03
Under Contract Date
2013-11-21
Sold Date
2013-12-03
Sold Price/SqFt
332.5
SP/AV
1.19

Remarks & Misc

Public Remarks
Own this world class Cape Cod Inn on the desirable Chatham Main Street. A rare opportunity in this location on the quiet end of Main, near the beach. The Inn has beautiful spacious guest common areas: inviting, expansive, shaded front porch, large guest sitting room w/fpl, large dining room/meeting/event space w/fpl and intimate tavern w/ fpl. Seating for 60. Full liquor license, large commercial kitchen, 18 lovely guest rooms, 8 w/fpls. Ample parking, owners/managers quarters. Strong financials. Cash flows and has room to grow revenue in this perfect village location surrounded by shops and galleries for browsing. Stroll to beaches, theatre, restaurants. Near golf, kayaking, whale watching, island ferries and so much more. Family owned and operated for over a decade. Licensed,
Directions to Property
Rte. 137 south to rte. 28. Around the traffic circle on to Main Street. Inn is on the right. Parking is in the rear.

Special Listing Cond

Standard
Yes

More Information

Lot Features

Cleared
Yes
Gentle Sloping
Yes

Building/Business

Business Name
Cranberry Inn
Business Operating
Yes
Conforming Use
Yes

Parking Features

Driveway
Yes
Guest
Yes
Off Street
Yes

Beach Description

Bay
Yes
Ocean
Yes

Convenient To

Conservation Area
Yes
Golf Course
Yes
House of Worship
Yes
In Town Location
Yes
Medical Facility
Yes
School
Yes
Shopping
Yes

Beach Ownership

Public
Yes

Building Const

Wood Frame
Yes

Roof Description

Asphalt
Yes
Pitched
Yes

Siding Description

Clapboard
Yes
Shingle
Yes

Heating

Forced Air
Yes
Hot Water
Yes
Other
Yes

Cooling

Central Air
Yes
Other
Yes

Fuel Type

Natural Gas
Yes

Seasonal

Year Round
Yes

Owner Living Qtrs

1 Bath
Yes
1 Bedroom
Yes
2 Bedrooms
Yes
Attached
Yes
Year Round
Yes

Kitchen

Counter(s)
Yes
Dishwasher
Yes
Gas Stove
Yes
Islands
Yes
Kitchen Sink
Yes
Microwave
Yes
Refrigerator
Yes
Stove Hood
Yes

Miscellaneous

CATV - All
Yes
Deck - Some
Yes
Screens - All
Yes
Storm Windows - All
Yes
TV - All
Yes

Laundry

Dryer - Gas
Yes
Storage Area
Yes
Utility Room
Yes
Washer
Yes

Furnished Common Fts

Common Area
Yes
Lounge
Yes
Meeting Room
Yes
Outside Storage
Yes
Rec Area
Yes

Baths

Full - All
Yes

Property Features

Special Listing Cond: Standard Lot Features: Cleared; Gentle Sloping Parking Features: Driveway; Guest; Off Street Beach Description: Bay; Ocean Beach Ownership: Public Convenient To: Conservation Area; Golf Course; House of Worship; In Town Location; Medical Facility; School; Shopping Building Const: Wood Frame Roof Description: Asphalt; Pitched Siding Description: Clapboard; Shingle Heating: Forced Air; Hot Water; Other Cooling: Central Air; Other Fuel Type: Natural Gas Seasonal: Year Round Owner Living Qtrs: 1 Bath; 1 Bedroom; 2 Bedrooms; Attached; Year Round Miscellaneous: CATV - All; Deck - Some; Screens - All; Storm Windows - All; TV - All Laundry: Dryer - Gas; Storage Area; Utility Room; Washer Kitchen: Counter(s); Dishwasher; Gas Stove; Islands; Kitchen Sink; Microwave; Refrigerator; Stove Hood Furnished Common Fts: Common Area; Lounge; Meeting Room; Outside Storage; Rec Area Baths: Full - All
IDX
Listing Office: Inn Advisors
Listing Agent: Carol M Edmondson
Last Updated: September - 29 - 2024
Broker Attribution: 508-237-1617

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