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150 Water St
Plymouth, MA 02360 Downtown Plymouth

$3,999,000 USD

Apartments Condo For Sale  •  8,863 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,863 SF
  • Lot Size 0.69 AC
  • Building Class B
  • Year Built 2021
  • Zoning WF
30 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1-6 Retail 8,863 SF $3,999,000 USD
  • Unit Size: 8,863 SF
  • Condo Use: Retail
  • Price: $3,999,000 USD
  • Sale Type: Investment
  • Price/SF: $451.20 USD

Description

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.

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

Public Transportation

Commuter RailDriveWalkDistance
Kingston/Route 3 (Kingston/Plymouth Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 10 min - 4.4 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 59 min - 41.5 mi
Adam Cohen 310-387-7042 Marcus & Millichap
Adam Cohen 310-387-7042 Marcus & Millichap