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114 State Road #B, Bourne, MA 02562
$821,500
114 State Road #B, Bourne, MA 02562View this property at 114 State Road #B, Bourne, MA 02562
114 State Road #BBourneMA02562
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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."
Full Property Details
Full Property Details for 114 State Rd #B
General
- Sold For: $821,500
- Taxes: $5,512 (2021)
- Status: Closed
- Type: Office
- MLS ID: 22105467
- Added to Site: 974 day(s) ago
Interior
- Appliances: Gas Water Heater, Water Heater
- Flooring: Carpet
Exterior
- Exterior Features: None
Location
- County: Barnstable
- Driving Directions: Take exit for Sagamore Beach from the Sagamore Bridge. Left on Route 3A (State Road. Property on right
Heating & Cooling
- Cooling Type: Other
- Heating Type: Forced Air
Utilities
- Sewer: Septic
- Water: Public
Structural Information
- Construction: Frame, Sheet Rock
- Exterior Const.: Frame, Sheet Rock
- Basement Desc.: Full
- Roof: Asphalt
- Stories/Levels: 3
- Square Feet: 6,900
- Year Built: 1981
Lot Features
- Lot Size (Acres): 0.83
- Lot Size (Sq. Ft.): 36,155
- Lot Size Source: Assessor
- Zoning: B-2
Financial Considerations
- Price Per Sq. Ft.: $123
- Assessment Amount: $511,800
- Tax Amount: $5,512
- Tax Year: 2021
Disclosures and Reports
- Special Conditions: None, Standard
- Property ID: 3.0362
Listed by Commercial Realty Advisors, Inc., Kevin Pepe
Sold by cci.UnrepBuyer, Buyer Unrepresented
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Schools
Schools serving 114 State Rd #B
School District:Bourne Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
75 Waterhouse Rd, Bourne, MA 02532 | 9-12 | 4.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 114 State Rd #B
Date
Details
Price
Change
Source
6/14/2022
Sold
$821,500
-3.35%
MLS
9/07/2021
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
114 State Road #B, Bourne, MA 02562 (MLS# 22105467) is a Office property that was sold at $821,500 on June 14, 2022. Want to learn more about 114 State Road #B? Do you have questions about finding other Office real estate for sale in Sagamore Beach? You can browse all Sagamore Beach real estate or contact a Coldwell Banker agent to request more information.