Commercial Sale at 56 Water St, Falmouth MA 02543
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19 photos

$1,050,000

56 Water St, Falmouth MA 02543
Falmouth, MA 02543
Listed by Tracey Spellman
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1916

About this home

RENEWED opportunity awaits in the heart of the vibrant Woods Hole Community! This charming waterfront property on the Channel overlooking Great Harbor was built in 1916 as a restaurant nad now houses only the third restaurant in over 100 years of their ownership. There is currently a successful and popular full-service restaurant with 70 to 90 seats, which has had strong tenancy for the past 10 years and plans to be continue their success here for many years to come with an updated lease. The building spans 2681 square feet on three floors with views of Great Harbor the Channel into Eel Pond and the ever entertaining Drawbridge! Immerse yourself in the quaint village atmosphere and seize this rare chance to own a piece of Woods Hole History. This is more than just a property; it is a legacy to be respected and cherished!

Property details

MLS
MLS Property Information Network
MLS #
73361893
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
552
On market date
April 21, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.03 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Mullen-Hall
3.57 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
400
Student:teacher ratio
10.3:1
District
Falmouth
Middle
Lawrence
3.56 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
498
Student:teacher ratio
9.8:1
District
Falmouth
High
Falmouth High
5.58 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
805
Student:teacher ratio
11.8:1
District
Falmouth

Walkability

Blended score for Falmouth's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

38
Car-dependent
out of 100
EPA National Walkability Index
7.7 / 20 -- Below average walkable
Google Places amenity density
37 / 100
Restaurants & cafes0
Grocery stores0
Parks5
Schools3
Transit stops2
Pharmacies0

Market position

How this listing compares to current activity in Falmouth, from live MLS data.

On the market 552 days -- 447 more days than Falmouth's current average of 105 days.
For reference, the median list price across 294 active listings in Falmouth right now is $899,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,473/mo
$210,000 down
$840,000 loan
Principal & interest$5,448
Property tax (est.)$875
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.