Description
Amazing opportunity to acquire a MIXED-USE INCOME PROPERTY (8% cap rate on proforma) in prime retail location on Main Street, Hyannis. This is the first time that this property has been offered since 1994. This free standing condominium is comprised of 4 units totaling 3,648+/- sf. The first floor consists of a nearly 1500 +/- sf commercial space that has historically been used as successful restaurant space (former Hyannis Oyster Co.) with tremendous outdoor patio space fronting Main St., as well as an occupied Studio apartment in the rear. The second floor of this property consists of two occupied two bedroom apartments. Each of the 3 apartments have been recently renovated. While the Main Street fronting commercial space has been used predominantly as a restaurant, it could be equally valuable as a retail space. This high visibility location is in the Hyannis Village Business District, Growth Incentive Zone and a Federal Opportunity Zone, and faces the busy intersection of Main St and Basset Ln. Financial / lease information available to qualified investors / end-users.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,648SQFT
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$260$/SQFT
Description
Amazing opportunity to acquire a MIXED-USE INCOME PROPERTY (8% cap rate on proforma) in prime retail location on Main Street, Hyannis. This is the first time that this property has been offered since 1994. This free standing condominium is comprised of 4 units totaling 3,648+/- sf. The first floor consists of a nearly 1500 +/- sf commercial space that has historically been used as successful restaurant space (former Hyannis Oyster Co.) with tremendous outdoor patio space fronting Main St., as well as an occupied Studio apartment in the rear. The second floor of this property consists of two occupied two bedroom apartments. Each of the 3 apartments have been recently renovated. While the Main Street fronting commercial space has been used predominantly as a restaurant, it could be equally valuable as a retail space. This high visibility location is in the Hyannis Village Business District, Growth Incentive Zone and a Federal Opportunity Zone, and faces the busy intersection of Main St and Basset Ln. Financial / lease information available to qualified investors / end-users.
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Data last updated: 2021-04-14T13:26:01.09.