393 Route 28, Dennis Port, MA 02639 (MLS# 22205983)

393 Route 28, Dennis Port, MA 02639

$3,000,000
Property Type: Commercial Square Footage: 10,727 Lot Size (sq. ft.): 55,321 Status: Closed
Current Price: $3,000,000 List Date: 10/06/2023 Last Modified: 9/29/2024

Overview

Description

This is a great opportunity to buy this 27 unit motel zoned mixed use in a great location with a NOI of $387K 12% CAP Rate. Just minutes away from the beach and activities and situated in the heart of Cape Cod. Opened in 1957 with 26 one bedroom units, conveniently located on the ground floor with easy access plus a separate 3 bedroom unit on the second floor above the office/sweet. All units are non smoking and contain one or two beds with a sleek modern décor, with a king or 2 queen beds. Seller is willing to do a lease back. A portion of Seller Financing may also be available.

Listing Details MLS# 22205983

Contract Info

Original List Price
3200000
List Price/SqFt
279.2

Legal and Taxes

Street #
393
Street Name
Route 28
County
Barnstable
Town
Dennis
Village
Dennis Port
State
MA
Zip Code
02639
Tax ID
73-14-0
Estimated Annual Taxes
6658
Tax Year
2022
Building Assessments
787500
Other Assessments
22600
Total Assessment
1189000
Title Reference - Book
(184077)
Lead Base Paint
Unknown
Flood Ins Required
No
Mass Use Code
10 - Multiple Use Property

General Property Info

Region
Mid-Cape
Primary Sub-Type
Hotel/Motel
School District
Dennis-Yarmouth
Zoning
LC Plan 27
# of Buildings
2
Stories
2
# of Units
27
Total Finished Space
10727
Field Card SqFt
9434
Additional Finished Space
1293
Additional SqFt Source
Public Records
Condo
No
Year Built
1947
Renovated
Yes
Year Renovated
2018
Business w/Real Estate
Yes
Lot Size SqFt
55321
Lot Size Source
Assessor
Acres
1.27
Waterfront
No
Waterview
No
Residential Units
No
Commercial Units
No
Industrial Units
No
Property Includes Recording Devices
No

Status Change Info

Concessions
No
Estimated Selling Date
2023-11-17
Under Contract Date
2023-11-10
Sold Date
2023-11-20
Sold Price/SqFt
279.67
SP/AV
2.52

Business Includes

Business Includes Comments
Land, Building and Interior decor

Convenient To

Convenient to Water Body 1
South Vlg Rd Beach

More Information

Property Features

Special Listing Cond: Real Estate Owned Security Features: Closed Circuit Camera(s) Location Description: West of Route 6 Present Use: Hotel/Motel Business Includes: Business Name Lot Features: Easements; Fenced/Enclosed; Level Parking Features: Driveway; Paved Beach Description: None Beach Ownership: None Convenient To: Cape Cod Rail Trail; Conservation Area; Golf Course; House of Worship; In Town Location; Major Highway; Marina; Medical Facility; Public Tennis; School; Shopping Floors: Carpet Walls: Paneled; Sheet Rock Foundation Details: Slab Basement Description: Full Building Const: Wood Frame Fencing: Fenced Roof Description: Asphalt Siding Description: Aluminum Siding; Vinyl Siding Heating: Electric Cooling: Other Fuel Type: Natural Gas; Oil Water: Public Hot Water: Water Heater Hot Water Source: Oil Seasonal: Year Round Utilities: Cable; Electricity; Gas; High Speed Internet Sewer: Private Sewer Gas: On Site Owner Living Qtrs: 1 Bath; 1 Bedroom
IDX
Listing Office: The Zenkin Realty Group, LLC
Listing Agent: Walter Zenkin
Source MLS Verified
Last Updated: September - 29 - 2024
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