21 Memorial Dr - Storefront Retail/Office FOR SALE


Plymouth, MA 02360- Downtown Plymouth
$2,650,000 USD
617-977-4362
21 Memorial Dr, Plymouth, MA for Sale
$2,650,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 6.18% Cap Rate

21 Memorial Dr
Plymouth, MA 02360
Downtown Plymouth


HIGHLIGHTS

  • Below-Market Rental Rates Present Immediate Upside and Opportunity for NOI Growth
  • Short-Term Lease Structure Provides Near-Term Flexibility to Reposition Rents or to negotiate long term leases
  • Highly Desirable Location Adjacent to Plymouth Harbor with Strong Regional Draw and Waterfront Accessibility
  • Waterfront Views Enhance Tenant Appeal and Support Long-Term Leasing Demand
  • Underutilized Space Creates Opportunity for Reconfiguration, Expansion, or Increased Income Generation on 3rd floor
  • Diversified Multi-Tenant Rent Roll Reduces Reliance on Any Single Occupant and Supports Income Stability

OVERVIEW

Sun Dynasty Plaza presents the opportunity to acquire a fully occupied multi-tenant retail asset in Plymouth, Massachusetts. The property consists of four tenant spaces and benefits from a diversified rent roll that helps distribute income across multiple occupants. Existing rental rates are reported to be below market, creating a potential opportunity for future revenue growth through lease renewals, rent repositioning, or strategic asset management initiatives. The property's location adjacent to Plymouth Harbor contributes to its visibility and tenant appeal. Plymouth is one of Massachusetts' most recognizable coastal destinations, drawing year-round residents and seasonal visitors to its waterfront, restaurants, retail destinations, and tourism attractions. The harbor setting, waterfront views, and proximity to downtown activity support long-term tenant demand and contribute to the property's market presence. Additional value-add potential exists through underutilized third-floor space that may offer opportunities for reconfiguration, expanded occupancy, or increased income generation, subject to applicable approvals and due diligence. The short-term lease structure also provides ownership with flexibility to evaluate leasing strategies and respond to changing market conditions. Combined with a fully occupied tenancy profile, waterfront location, and potential future rent growth, the asset offers investors a blend of current income and operational upside within an established coastal market.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sun Dynasty Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Bowling Alley, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,055 SF

ZONING

DH, Plymouth

APN/PARCEL ID

PLYM-000017-000000-000096B

ASK ABOUT THIS PROPERTY

Nik NovakMatthews Real Estate Investment ServicesMore Info
617-977-4362

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Nik NovakMatthews Real Estate Investment ServicesMore Info
617-977-4362

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