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410 W Falmouth Highway, Falmouth, MA, 02540 | $5,395,000
Lucrative Investment Opportunity! The West Falmouth Square shopping complex is a mixed-use residential and commercial property steeped in local heritage. With fully leased commercial spaces and income-producing apartments, this property is already generating revenue, making it an ideal choice for savvy investors. Home to some of Falmouth's favorite year-round hot spots that all contribute to a strong and stable income stream: The Chapoquoit Grill, Up-Town Dog, Murphys's Liquors, Image Makers Hair Salon and the anchor of the center, the Post Office. With its charming architecture and storied past, your business can thrive while becoming part of the community's vibrant narrative. Impeccably maintained with these exterior updates: the roofs are roughly 2 years old. Most of the siding is 2 years old, new gutters, and most windows and doors were replaced 2 years ago. From thriving businesses to your investment benefits from high foot traffic, community support, and proximity to popular amenities--beaches, the bike path, dining, and more. This property holds excellent potential for future appreciation. Don't miss out on this rare opportunity. Schedule your private viewing today!
Features
- Property Type: Mixed Use
- Current Use: Food Services, Restaurant, Other, Retail, Mixed
- Permitted Use: Food Services, Restaurant, Other, Retail, Mixed
- Construction: Brick, Shingle Siding, Clapboard, Sheet Rock
- Utilities: Cable Available, Electricity Available, Natural Gas Available, Separate Utilities
- Garage: Assigned, Paved
- Levels: 2
- Heating: Forced Air
- Cooling: Central Air, Wall Unit(s)
- Approx Lot Sq. Feet: 64,904
- Units: 11
- Zoning: B3
- Year Built: 1940
- Approx Sq. Feet: 18,387
- Acreage: 1.49
- Est. Taxes: $13,681
- Lot Desc: Bike Path, Major Highway, House of Worship, Public Tennis, Marina, Level, Views
- School District: Falmouth
- Appliances: Gas Water Heater, Electric Water Heater, Water Heater
- Lease Term Type: Annually
- MLS#: 22405204
- Website: https://www.raveis.com
/prop/22405204/410wfalmouthhighway_falmouth_ma?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
410 W Falmouth Highway, Falmouth, MA, 02540
$5,395,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $4,316,000 | $4,316,000 | $4,316,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
| Monthly Tax Payment | $1,140 | $1,140 | $1,140 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $24,845 | $27,280 | $36,421 |
| Total Monthly Payment | $26,110 | $28,545 | $37,686 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630