223 Main St Bourne, MA ^$ 2,000,000

223 Main St

^$ 2,000,000

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223 Main St

Bourne, MA, 02532

^$ 2,000,000

Studio Baths0.0

Monthly Estimate*

^$ 13,971

Studio

Commercial Property for sale in Bourne, MA

for $2,000,000. This building was built in 1920 on a lot size of 2.99.

Mixed-Use redevelopment opportunity in the center of downtown Buzzards Bay which includes 193 feet of frontage, 2 curb cuts, 2 water and sewer connections, and 2.99 acres with developable upland outside of the flood zone. The current business on the property, known as the Bay Motor Inn, is still in good condition to be used as seasonal lodging. Includes 14 building structures; 16 motel units (1-2 beds each), main house/office, and barn. Building designs were created by Bracken Engineering to construct 72 condo/apartment units and 2,100 sq ft of commercial space. The units would be 1-3 bedrooms totaling 108 bedrooms. The parcel lies within the Growth Incentive Zone which provides developers incentives, exemptions, and faster permitting processes than other towns. Bracken Engineering has already gone before the Planning Board for a Preliminary Wastewater Allocation Review. The property was approved for 11,985 GPD on 7/28/20, and a large fee was given to reserve allocation for this dev

Commercial Active

Price

^$ 2,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,791

Style

Lot Size

2.99

Year Built

1920

Town/City

Bourne

County/Region

Barnstable

MLS | Web ID

73218778

List By

Cameron Carbone

Listing Agent

Re/Max Platinum

Broker

Affordability Calculator

$14,620

Per Month

Monthly Principal & Interest: $13,971
Monthly Property Taxes: $649
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Bourne, MA

Average List Price ^$878,650

Percent of Sale Price 56%

About Bourne, MA

19,560 Population

6% Since 2002

^$71,228 Median Income

46.2 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
4/2/2024	$2,000,000		Listed Price

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223 Main St, Bourne, MA, 02532 is a Commercial Property for sale at $2,000,000 with a lot size of 2.99. 223 Main St is a studio with 0.0 baths and was built in 1920. The property's zip code is 02532 which is in Bourne, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/30/2024.

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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223 Main St

Commercial Property for sale in Bourne, MA

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