The Boston-based real estate advisory and investment firm Senné is selling a mixed-use building in Falmouth Heights at 286 Grand Ave.
Senné is seeking commercial real estate buyers who will maintain “the historic majesty” of the building, as well as its charm, while also potentially modernizing it for the next generation of residents as well as visitors with the addition of a local restaurant.
Known for its location at the finishing point for the Falmouth Road Race, the building was originally built in 2005. Eight waterfront residential condominium units and a two-story, full-service, 5,000-plus-square-foot restaurant are contained within the building.
Each residential unit was newly renovated, by the private owner, with light-filled interiors, sweeping decks and panoramic water views. Additional property amenities include a covered garage with 26-car capacity, a 54-space valet parking lot, and access to the Cape Cod waterfront.
The 5,352-square-foot commercial area of the building is readily equipped for a restaurant.
“This property not only represents Senné’s expertise in this type of mixed-use property but also a once-in-a-lifetime opportunity for the savvy buyer who wants to invest in one of the jewels of Massachusetts’ Cape Cod landscape,” said Deborah Hauser, Executive Director of Residential Brokerage for Senné. “We anticipate the property will continue to gain value over time to be an incredible investment.”
Interested buyers may contact Stacey Reifer, sreifer@sennere.com, 617-314-9400.
