CCertihomes
223 Main St, Bourne, MA 02532

$2,000,000

0 beds 0 baths Built 1920Active

About this home

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

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$13,361/mo

Real estate (PITI + HOA + PMI)
$13,241
Principal + interest$9,071
Property tax + insurance$3,420
PMI / 2nd mortgage$750
Utilities
$1,314
Heating + cooling$495
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$109
Car insurance + maintenance$109
Other (entertainment)
$158
$13,361/mo TLC
Budget$13,861/mo
Remaining after TLC$500/mo
Purchase price
$2,000,000
Down payment
$100,000 (5%)
Loan amount
$1,900,000
APR
4%

Quick facts

Type
COM
Style
Year built
1920
Lot size
2.99 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$7,791
MLS #
73218778
County
Barnstable

Neighborhood — 02532

MetricThis ZIPCountyUSA
Population14,9776,444,931299,088,112
Population Change Since199018.00%7.00%20.00%
Population Density474786
Male7,4703,127,134147,432,321
Female7,5063,317,797151,655,844
Never Married2,9641,612,88563,775,926
Married6,3122,586,314123,120,365
Separated1,057247,85712,639,686
Widowed899363,59415,467,586
Divorced1,365436,88823,075,029
Number Of House Hold5,0892,431,591111,826,380
Average House Hold Size2.782.562.60
Medial Age37.4537.2535.46
Median House Hold Income$48,986$57,698$48,276
Average House Hold Income$59,806$75,023$63,629
P C I$20,935$29,196$24,529
M D I$41,617$48,105$41,133
A T H E$49,313$57,083$50,898
S T R5.00%5.00%
W C J77.54%81.38%77.74%
(Zip) Code
2532

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Listing information last refreshed 4/2/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.