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Investment Highlights

  • Fully occupied six-unit commercial condo with virtually no landlord responsibilities
  • Annual three percent rent increases for every tenant provide a strong hedge against inflation and consistent appreciation in both cash flow and value
  • Located in the heart of one of the most walkable town centers in the state
  • Ground floor retail in a building that also houses Harbourtown Suites, boutique hotel and The Terrace, upscale rooftop restaurant
  • Market and below-market rents deliver durable income stream with upside
  • Affluent community boasts an AHHI of at least $135,000 within five miles of the property

Executive Summary

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.

Data Room Click Here to Access

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1-6
  • 8,863 SF
  • Retail
  • $5,641,869 CAD ($636.56 CAD/SF)
  • $409,035.52 CAD
Sale Type Investment
Cap Rate 7.25%
Unit Unit Size Condo Use Price NOI
Unit 1-6 8,863 SF Retail $5,641,869 CAD ($636.56 CAD/SF) $409,035.52 CAD

Unit 1-6

Unit Size
8,863 SF
Condo Use
Retail
Price
$5,641,869 CAD ($636.56 CAD/SF)
NOI
$409,035.52 CAD

Unit 1-6

Unit Size 8,863 SF
Condo Use Retail
Price $5,641,869 CAD ($636.56 CAD/SF)
NOI $409,035.52 CAD
Sale Type Investment
Cap Rate 7.25%

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 8,863 SF
Property Type Multifamily (Condo)
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class B
Floors 1
Typical Floor Size 8,863 SF
Year Built 2021
Lot Size 0.69 AC
Zoning WF
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
  • Listing ID: 41461964

  • Date on Market: 2026-07-28

  • Last Updated:

  • Address: 150 Water St, Plymouth, MA 02360

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