Sagamore Beach, MA 02562,114 State Road #B

$821,500

$850,000

3.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6,900 SqFt


SOLD DATE : 06/14/2022

Key Details

Sold Price $821,500

Property Type Commercial

Sub Type Office,Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 6,900 sqft

Price per Sqft $119

MLS Listing ID 22105467

Sold Date 06/14/22

HOA Y/N No

Abv Grd Liv Area 6,900

Year Built 1981

Annual Tax Amount $5,512

Tax Year 2021

Lot Size 0.830 Acres

Acres 0.83

Property Sub-Type Office,Condominium

Source Cape Cod & Islands API

Property Description

Multi-tenant net leased office building (+/- 6,900 s.f.) for sale. This well positioned, free standing condominium (1 of 2) is occupied by 2 long-term tenants (financials available to qualified buyers) and recent exterior and interior upgrades make for virtually hands free ownership. Approx. 1 mile north of the Sagamore Bridge and 2 miles south of Exit 2 (of Route 3, Cedarville, MA), this site allows for easy access to cover all of Barnstable, Plymouth and Bristol Counties, as well as Routes 3, 6, 25, 28, 195 and 495.The 3 story structure is fully occupied, with the top 2 floors of high quality office space accessed from the front and leased to Green Seal Environmental who has occupied this structure since January of 2009. Walk-out lower level is accessed from the rear and is occupied by both GSE Engineering, as well as Bridger Scientific, who has occupied their space since the spring of 2001. Each floor consists of approximately 2,300 square feet, and ample parking exists in the front and rear of the Subject Property, as well as the nearly identical sister property, which share the use and maintenance of the common parking serviced by a common driveway. This structure is heated / cooled by a natural gas HVAC system.

This offering is improved by 25Kw solar system that was installed in February of 2016. The power produced by this system goes to the common meter and is currently to the benefit of the existing tenant GSE. Upon a departure, the new owner will receive this benefit (valued at +/- $5,000 annually). In addition, this system will produce 5 additional years of SREC sales, currently valued at +/- $7,000 annually, which are to the benefit of new ownership upon transfer of title.

This property is being offered at a +/- 8 cap."

Location

State MA

County Barnstable

Zoning B-2

Direction Take exit for Sagamore Beach from the Sagamore Bridge. Left on Route 3A (State Road. Property on right

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Other

Flooring Carpet

Fireplace No

Appliance Gas Water Heater, Water Heater

Exterior

Exterior Feature None

View Y/N No

Roof Type Asphalt

Building

Faces Take exit for Sagamore Beach from the Sagamore Bridge. Left on Route 3A (State Road. Property on right

Story 3

Foundation Poured

Sewer Septic

Water Public

Level or Stories 3

Structure Type Frame,Sheet Rock

Schools

Elementary Schools Bourne

Middle Schools Bourne

High Schools Bourne

School District Bourne

Others

Tax ID 3.0362

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Standard, None

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Cape Cod & Islands MLS (CCIMLS)
Listed by Commercial Realty Advisors, Inc.
Bought with cci.UnrepBuyer
Patrick Foran

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(508) 385-1355

pforan@foranrealty.com

543 Main St, Dennis, Massachusetts, 02638, United States

GET MORE INFORMATION

Name
Phone*
Message