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    541 Main Street

    Hyannis, MA 02601
    • $1,195,000
    • STATUS: Active
    • ON SITE: 307 days
    • MLS #: 21908558
    UPDATED: 46 min ago
    $1,195,000
    • 0
      BEDS
    • 0.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,757
      SQFT
    • $177
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Everyone knows this intriguing parcel right in the center of Main Street because of the carousel that was recently situated on the site. While the horses are gone, the arcade is still here, along with a number of other businesses, some seasonal, that lease space here. The current owners have very much enjoyed running the arcade and carousel over the past few years, but have decided that their interests are moving in another direction. This is a great opportunity for either improving the current rents and buildings to increase the income, or for someone to build new with a possibility of apartments and commercial space. Hyannis Village Business Zone allows many uses - please check with the town. In addition, this property is in the Federal Opportunity Zone, creating some advantageous tax credits for qualifying transactions. There is major upside here, and the owners are willing to consider creative financing such as a Lease/Purchase or partial owner financing for a qualified buyer. Call for details.

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    © 2020 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Leighton Realty. Data last updated: 2020-10-23T19:25:53.457.
    www.leightonrealty.com/homes/101838426
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    541 Main Street Hyannis, MA 02601

    • Price: $1,195,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 21908558
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.54
    Acres
    6,757
    SQFT
    $177
    $/SQFT
    1960
    Built
    Neighborhood:
    Barnstable
    County:
    Barnstable
    Area:
    Barnstable
    School District:
    Barnstable
    Property Description
    Everyone knows this intriguing parcel right in the center of Main Street because of the carousel that was recently situated on the site. While the horses are gone, the arcade is still here, along with a number of other businesses, some seasonal, that lease space here. The current owners have very much enjoyed running the arcade and carousel over the past few years, but have decided that their interests are moving in another direction. This is a great opportunity for either improving the current rents and buildings to increase the income, or for someone to build new with a possibility of apartments and commercial space. Hyannis Village Business Zone allows many uses - please check with the town. In addition, this property is in the Federal Opportunity Zone, creating some advantageous tax credits for qualifying transactions. There is major upside here, and the owners are willing to consider creative financing such as a Lease/Purchase or partial owner financing for a qualified buyer. Call for details.
    Exterior Features

    Beach Description Nantucket Sound Exterior Features Curb CutsDisplay WindowOut StorageRear EntranceSign Foundation Other Parking Description Common LotOff-StreetPaved LotStreet/Public Parking Spaces 10 Roof Description AsphaltComposition Siding Description Shingle Topography ClearedCornerLevel Water View No Waterfront No

    Interior Features

    Basement Description Cape CodPartial Cooling Fixed Wall System Floors Vinyl Heating Forced Hot Water Hot Water Other Hot Water Source Other Walls Sheet Rock

    Property Features

    Annual Taxes 12541.00 Beach Ownership Public Business With Real Estate No Commercial Units Yes Condo No Convenient To House Of WorshipIn Town LocationMarinaMedical FacilitySchoolShopping Flood Insurance Required Not Verified Fuel Type Natural Gas Improvement Assessments 710300.00 Industrial Units No Lead Paint Unknown Lot Size Source Field Card Other Assessments 4500.00 Other Sub Type Business W/Real Est Primary Sub Type Retail Residential Units No Seasonal FallSpringSummerYear Round Secondary Sub Type Commercial Sewer Public Sewer Special List Conditions None Sq Ft Source Field Card Tax Year 2020 Total Assessment 934800.00 Total Commercial Units 1 Water Town Water Zoning Hvb

    Listing information © 2020 Cape Cod & Islands Multiple Listing Service, Inc.
    Listing provided courtesy of Nat S Santoro of Kinlin Grover Commercial.


    © 2020 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Leighton Realty. Data last updated: 2020-10-23T19:25:53.457.
     
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    Brewster MA, 02631