$3,000,000
Dennis Port, MA 02639
MLS# 22205983
Status: Closed
10727 sqft
1 / 13
Property 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.
Details
Maps
Documents
Contract Info
List Price/SqFt: 279.2
Status: Closed
Original List Price: 3200000
Sold Price: $3,000,000
Current Price: $3,000,000
List Date: 2022-11-17
Legal and Taxes
Town: Dennis
Village: Dennis Port
Estimated Annual Taxes: 6658
Building Assessments: 787500
Other Assessments: 22600
Total Assessment: 1189000
Title Reference - Book: (184077)
Flood Ins Required: No
Lead Base Paint: Unknown
Mass Use Code: 10 - Multiple Use Property
Street #: 393
Street Name: Route 28
County: Barnstable
State: MA
Zip Code: 02639
Tax ID: 73-14-0
Tax Year: 2022
General Property Info
Region: Mid-Cape
Primary Sub-Type: Hotel/Motel
School District: Dennis-Yarmouth
Zoning: LC Plan 27
Renovated: Yes
# of Buildings: 2
Year Renovated: 2018
Stories: 2
Field Card SqFt: 9434
Additional Finished Space: 1293
# of Units: 27
Additional SqFt Source: Public Records
Condo: No
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
Total Finished Space: 10727
Year Built: 1947
Remarks & Misc
Public Remarks: 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.
Directions to Property: Main St (RT28) Dennis Port
Status Change Info
Concessions: No
Estimated Selling Date: 2023-11-17
Sold Price/SqFt: 279.67
SP/AV: 2.52
Under Contract Date: 2023-11-10
Sold Date: 2023-11-20
Sold Price: $3,000,000
Special Listing Cond
Real Estate Owned: 1
Security Features
Closed Circuit Camera(s): 1
Location Description
West of Route 6: 1
Lot Features
Easements: 1
Fenced/Enclosed: 1
Level: 1
Basement Description
Full: 1
Building/Business
Years Established: 1957
Present Use
Hotel/Motel: 1
Parking Features
Driveway: 1
Paved: 1
Business Includes
Business Includes Comments: Land, Building and Interior decor
Business Name: 1
Foundation Details
Slab: 1
Beach Description
None: 1
Convenient To
Cape Cod Rail Trail: 1
Conservation Area: 1
Golf Course: 1
House of Worship: 1
In Town Location: 1
Major Highway: 1
Marina: 1
Medical Facility: 1
Public Tennis: 1
School: 1
Shopping: 1
Convenient to Water Body 1: South Vlg Rd Beach
Beach Ownership
None: 1
Floors
Carpet: 1
Walls
Paneled: 1
Sheet Rock: 1
Utilities
Cable: 1
Electricity: 1
Gas: 1
High Speed Internet: 1
Sewer
Private Sewer: 1
Building Const
Wood Frame: 1
Fencing
Fenced: 1
Roof Description
Asphalt: 1
Siding Description
Aluminum Siding: 1
Vinyl Siding: 1
Heating
Electric: 1
Cooling
Other: 1
Fuel Type
Natural Gas: 1
Oil: 1
Water
Public: 1
Hot Water
Water Heater: 1
Hot Water Source
Oil: 1
Seasonal
Year Round: 1
Gas
On Site: 1
Owner Living Qtrs
1 Bath: 1
1 Bedroom: 1
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
Tax Card 
Listing Office: The Zenkin Realty Group, LLC
Listing Agent: Walter Zenkin
Last Updated: September - 29 - 2024
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