Eastham, MA Commercial Real Estate for Sale and Lease

This town was settled by the Nauset tribe around 1620, and it was officially incorporated in 1640. Quaint and picturesque, it is strategically situated along Massachusetts’ tremendously popular Cape Cod shoreline. The town has a population size of about 5,000 residents as of the 2010 census. A combination of historic charm, natural beauty and convenient access to Boston put it on the map for commercial and residential real estate.

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The proximity of several airports in Chatham, Provincetown and Hyannis, which are serviced by local airlines, make the town a natural choice for companies who need to conduct business based on air transport and shipping. These smaller local airports have easy access to Boston Logan International Airport, which is one of the most bustling and strategic airports along the East Coast. A bus line called The Flex serves the town and surrounding areas. Route 6 is the main transportation corridor in the area, and it passes through the town in a north-south direction.

Eastham Commercial Investment Properties

Between the steady flow of tourism and the upward trend of the Greater Boston area’s economy, there is plenty of opportunity for investors in this town. The commercial real estate sector here is comprised of historic traditions like banking, medicine and the life sciences. Prospective owners and tenants looking for space will still find plenty of buildings across all categories of classes (Class A, Class B and Class C) represented in this town that are dedicated for those specific uses. Some buildings, however, are advertised as flexible use establishments. This is even more the case as new construction rates are stalling and companies are moving into the area looking to repurpose and restore existing structures such as outdated warehouse buildings and former industrial and manufacturing facilities.

What many companies are finding is that there are plenty of vacancies still open, and they can move into older buildings that may need some work (namely Class B and Class C buildings) for a relatively reasonable rate. The need for space and present availability of places to choose from is making the Cape and Boston regions prime centers for growth. Since this town has historically been on the map for tourism, and it still is, there are also many opportunities for retailers and smaller businesses looking to take advantage of the seasonal traffic patterns as well. Regardless of business size and type, however, those looking to rent and lease are moving quickly to claim space, as rental rates have started to climb in earnest since 2016, with a 10 percent increase in rates during the year of 2017 alone.

Eastham Office Space Market

From designated banking, medical, dentist spaces and more, there are plenty of options to choose from for office space. Office space in and around the town can be purchased or leased in a variety of sizes and locations. Some offices are small and designed for exclusive purposes, while others are ideal for possible future expansion.

One example of an office space that potential tenants may find is space in a building on Brackett Road. The price for renting is $1.20 per square foot (SF) per month, which is average for the area. The building has a total of two spaces that can be used for general purposes. The amount of space covers an area of 0.02-0.04 acres, or about 8,400 SF. The building is well maintained and landscaped, which enhances its aesthetic appeal. The area is also advertised as having premier signage, plenty of parking space, and prominent visibility. The presence of several longtime anchor tenants makes the space more attractive for investors. The freestanding building was constructed in 1964, and it is most accessible by car.

In addition to occupied or previously occupied space, tenants can find land for sale or rent, which they can customize based on their company’s specific needs. One example is a lot of just under 11 acres of vacant land located along Route 6. The land is listed for sale at a price of $1,475,000. It was previously used as a driving range, and it contains a clubhouse facility with a video game room. The property is also home to a small office building and is highly visible from the street.

Eastham Retail Space Market

With the continued rise of tourism in the Cape area, there are many good reasons for retailers to set up shop here. Higher levels of foot and vehicular traffic come with the influx of tourists during the peak months. This makes the town particularly conducive to small shops and businesses such as bars, restaurants, gift shops, and boutique apparel stores. Businesses can set up in the downtown area as well as in strip malls and freestanding buildings outside the town center.

One example of a retail building that prospective tenants may purchase is a general use retail building located along the State Highway. The building, which is listed as a Class B building, features 8,505 SF of space. It has a lot size of 3.40 acres with room for expansion. The building contains a large private parking lot for tenants and employees. It is listed as a general retail property type, and it is offered for sale at a price of $1.2 million. The onsite restaurant, one of the building’s perks, is ready to use and can seat up to 150 patrons. An attached but separate unit can be used for virtually any purpose. This unit is aesthetically appealing with vaulted ceilings, built-ins, display cases, and a cozy brick fireplace.

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