17 Nell WayOrleans MA 02653
D / Commercial
29,369 +/- sqft shopping plaza in two buildings on 3.60 acres. Property abuts the Mid-Cape Highway just off exit 12 in Orleans, MA. Built in 1980 as a eco-friendly, commercial plaza, the building is primarily concrete. Concrete elements include entire rear wall, all sides, arched unit partition walls are concrete but passable (sub-divisible), the roof is a concrete dome roof with octagonal silo style skylight. The roof is covered with earth and grass. Coverage and existing square feet are nearly impossible to replicate on Cape Cod. The plaza is a great opportunity for a investor / end user looking for: a redevelopment project, multi-tenant, large building, repurpose, special purpose, value add, mixed-use conversion opportunity. Significant grandfathered impervious surface.150 parking spots, mature plantings. You or you buyer is a seasoned commercial real estate developer or investment partnership interested in reinventing a 40 year old plaza. Tear it down if the numbers work, however a buyer that can repurpose the infrastructure and concrete that is already there is going to save a lot of time and money. This is an ideal 1031 Exchange property. Sell the City, buy the Cape Cod.
Updated: Thursday, Dec 03 2020www.capeshores.com/mlnumber/22005235/