150 Water St - Apartments CONDO FOR SALE


Plymouth, MA 02360- Downtown Plymouth
$3,999,000 USD
310-387-7042
150 Water St, Plymouth, MA for Sale
$3,999,000 USD
Apartments CONDO - FOR SALE
1/4
null | 7.25% Cap Rate

150 Water St
Plymouth, MA 02360
Downtown Plymouth


HIGHLIGHTS

  • Fully occupied six-unit commercial condo with virtually no landlord responsibilities
  • Ground floor retail in a building that also houses Harbourtown Suites, boutique hotel and The Terrace, upscale rooftop restaurant
  • Annual three percent rent increases for every tenant provide a strong hedge against inflation and consistent appreciation in both cash flow and value
  • Market and below-market rents deliver durable income stream with upside
  • Located in the heart of one of the most walkable town centers in the state
  • Affluent community boasts an AHHI of at least $135,000 within five miles of the property

OVERVIEW

Marcus & Millichap is pleased to present The Harbourtown Retail Shops, a commercial condominium comprised of six retail suites located on the ground floor of 150 Water Street in the heart of Plymouth’s historic waterfront district. The upper floors of the building feature a boutique waterfront hotel, private residences, and a 300-seat rooftop restaurant, all of which consistently drive traffic to the property’s retail shops. Situated just steps from Plymouth Rock, Mayflower II, Town Wharf, and other iconic attractions, this prominent mixed-use asset occupies a highly visible location along one of New England’s most recognizable waterfront corridors. The property benefits from a unique blend of year-round local patronage and seasonal tourism, creating a dynamic environment that supports long-term tenant demand and occupancy. The property’s Water Street frontage places it at the center of Plymouth’s vibrant downtown district, where a diverse collection of restaurants, boutiques, galleries, and hospitality venues attracts residents and visitors alike. Approximately 1.5 million visitors travel to Plymouth each year, generating nearly $1 billion in annual tourism spending and providing a steady stream of pedestrian traffic that enhances the property’s visibility and leasing appeal. The surrounding downtown area is among the most walkable destinations in Massachusetts, offering convenient access to numerous cultural, recreational, and waterfront amenities. Positioned within an affluent trade area, the property serves a population of approximately 55,000 residents within a five-mile radius. Strong household incomes, a stable local customer base, and a robust tourism economy create multiple demand drivers that support long-term asset performance. Located in one of Massachusetts’ premier coastal destinations, The Harbourtown Retail Shops offer exceptional visibility, strong pedestrian activity, and immediate access to the region’s most significant historic and waterfront attractions. With its irreplaceable location and enduring appeal to both residents and visitors, the property represents a rare opportunity to acquire a landmark retail asset in the heart of downtown Plymouth.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$451 USD /SF

CAP RATE

7.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbourtown Retail Shops

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

8,863 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

WF

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam CohenMarcus & MillichapMore Info
310-387-7042

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Adam CohenMarcus & MillichapMore Info
310-387-7042

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.