Commercial Sale at 87 Water Street, Falmouth MA 02543, Falmouth
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21 photos

$2,695,000

87 Water Street, Falmouth MA 02543
Falmouth, MA 02543
Listed by Greg Hartel
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1920

About this home

WH Market & 68 Seat Restaurant offers a rare opportunity to acquire a landmark waterfront retail and restaurant property in the heart of one of Cape Cod’s most iconic villages. Overlooking scenic Eel Pond, this 3,744± SF two-story building sits on a .70± acre site and includes a fully operational, well-established market on the first floor plus a fully equipped 68-seat restaurant on the second level. This highly visible Water Street location benefits from steady foot traffic, street parking, and close proximity to renowned marine laboratory and research employers, ferry activity, marinas, shops, and dining destinations. The offering includes existing inventory, providing immediate operational value for an owner-user or investor seeking a turnkey hospitality and retail asset. Patrons and guests can enjoy a unique waterfront setting with inviting indoor spaces and dramatic upper-level dining views over Eel Pond. Property combines irreplaceable location in a premier coastal destination.

Property details

MLS #
73506364
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
172
On market date
April 23, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.07 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
3.58 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
5.57 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 172 days -- 73 more days than Falmouth's current average of 99 days.
For reference, the median list price across 287 active listings in Falmouth right now is $945,000.

Mortgage calculator

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

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Adjust tax / insurance estimates
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Est. monthly payment
$16,380/mo
$539,000 down
$2,156,000 loan
Principal & interest$13,984
Property tax (est.)$2,246
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 days ago.

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.