1 Otis Park Dr
Bourne, MA 02532
Cape Cod Redevelopment Opportunity · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present for sale the property located at One Otis Park Drive in Bourne, Massachusetts. The property consists of a 2,000 square foot building with a drive-through on a 0.94 acre lot located three miles from the Cape Cod Canal on Route 28, also known as Mac Arthur Boulevard. To enter or exit Southern Cape Cod, vehicles must pass the subject property on Route 28. Honey Dew Donuts operated in this location for over 35 years. Following the end of their lease in 2012, the site was used by the adjacent auto dealership as overflow parking. In 2015, a local business owner leased the property but was ultimately unable to secure financing for a new burger restaurant concept, leaving the property vacant in April 2016. Cape Cod is an extremely popular vacation destination, home to Martha's Vineyard and Nantucket ferry terminals, as well as the Woods Hole Oceanographic Institution and Otis Air National Guard Base. Route 28 is the only major road connecting the Cape Cod Canal to Southern Cape Cod, including the towns of Bourne, Pocasset, and Falmouth, three of the largest year-round populations on the Cape. The property is positioned in a strong, well-established retail corridor with an average traffic count of nearly 38,000 cars per day. Behind the property sits a two-building apartment community currently undergoing construction, expanding the community from nearly 75 units to more than 100. Otis Park Drive is the entrance serving all apartment units. One Otis Park Drive has fantastic visibility and is located on the Southbound road but unlike many other buildings on Route 28, the property is also visible to Northbound traffic. This offering represents a strong redevelopment opportunity for value-add investors or developers looking to take advantage of the location and lack of national competition in the area. The closest QSR is McDonalds which is approximately a half mile from the site. There is also a Dunkin' Donuts less than a mile away, and a Subway restaurant approximately a mile from the property.