Hotel & Restaurant / Retail Investment Opportunity
Boston Realty Advisors has been exclusively retained to sell 435 & 447 Main Street in Dennis Port, Massachusetts in prominent Cape Cod. This two property offering includes a 6,700 square foot, 24-key hotel and a 5,800 square foot restaurant/retail building which can be acquired as a portfolio or individually. Situated along the highly traveled Route 28 corridor, just a short walk to warm-water beaches, these properties offer investors an ideal value-add repositioning opportunity in a world-renowned resort location.
The Town of Dennis, located near the center of Cape Cod, encompasses five distinct villages and dates back to the early 17th century. Known for its traditional New England charm and modern day amenities, the population swells to over 63,000 during the summer months. Dennis Port, affectionately considered part of the “Lower Cape”, is renowned for its summer beaches and scenic setting along the picturesque Nantucket Sound.
435 & 447 Main Street are offered for sale on an unpriced basis. We will be conducting tours of the properties in the upcoming weeks with a “call-for-offers” to follow.
- Ideal Location
435 & 447 Main Street are situated along Route 28, the primary thoroughfare that connects the Upper and Outer regions of the Cape. The properties are proximate to pristine beaches and local area amenities.
- Repositioning Opportunity
447 Main Street offers investors the opportunity to reposition the current hotel, which is being delivered vacant. 435 Main Street presents a unique opportunity to capitalize on the highly visible site and surrounding residential neighborhoods with a strategically located restaurant. This portfolio also offers the opportunity to redevelop the two contiguous parcels that together are over one acre of land.
- Cape Cod Tourism
Average daily room rates on Cape Cod are well over $250 per night, with average occupancy in the low 80% range during peak summer months. 447 Main Street is an exceptional opportunity to capitalize on strong demand from destination and transient travel market dynamics.