Senné Puts Falmouth Heights Waterfront Mixed-Use Gem Up for $15.9M
July 22, 2022
FALMOUTH — The Boston-based real estate advisory and investment firm Senné announced the marketing of a newly redeveloped mixed-use building in Falmouth Heights at 286 Grand Avenue. The building is a local landmark originally built in 2005 and now reimagined for the next generation, with eight waterfront residential condominium units and a two-story, full-service, 5,000-plus square foot restaurant.
According to a release, Senné is actively 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.
“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.”
The building is known for its iconic location at the finish line of the legendary Falmouth Road Race, and features breathtaking views of the Vineyard Sound and an unprecedented private beach in one of the most popular areas of majestic Cape Cod, as mentioned in the marketing. While maintaining the classic New England coastal charm of the building, each residential unit is newly renovated with light-filled interiors, sweeping decks and panoramic water views. Additional property amenities include a covered garage with a 26-car capacity, a 54-space valet parking lot, and amazing access to the Cape Cod waterfront.
The 5,352-square-foot commercial area of the building is readily equipped for a restaurant that would be perfectly located to cater to both tourists and locals alike during the busy summer months and year-round. The restaurant also boasts incredible water views.
