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    561 Main Street , A

    Hyannis, MA 02601
    • $950,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 22101023
    UPDATED: 51 min ago
    $950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,648
      SQFT
    • $260
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    School District:

    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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    © 2021 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: 2021-04-14T13:26:01.09.
    www.leightonrealty.com/homes/114870082
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    561 Main Street , A Hyannis, MA 02601

    • Price: $950,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 22101023
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,648
    SQFT
    $260
    $/SQFT
    1987
    Built
    Neighborhood:
    Barnstable
    County:
    Barnstable
    Area:
    Barnstable
    School District:
    Barnstable
    Property 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.
    Exterior Features

    Beach Description None Construction Wood Frame Exterior Features Display WindowFire EscapeOther - See RemarksRear EntranceSign Foundation Poured Parking Description Common LotStreet/Public Roof Description AsphaltCompositionPitched Siding Description ClapboardShingle Topography Corner Underground Fuel Tank No Water View No Waterfront No

    Interior Features

    Basement Description No BasementOther - See Remarks Cooling Other Floors CarpetLaminate Heating Forced Hot AirForced Hot Water Hot Water Tank Hot Water Source Natural Gas Owner Living Quarters 2 Bedrooms +SeparateStudioYear Round Walls Sheet Rock

    Property Features

    Annual Taxes 6289.04 Asbestos Unknown Association Yes Beach Ownership None Business With Real Estate No Commercial Units Yes Condo Yes Convenient To Bike PathCape Cod Rail TrailConservation AreaGolf CourseHouse Of WorshipIn Town LocationMajor HighwayMarinaMedical FacilitySchoolShopping Flood Insurance Required Not Verified Fuel Type Natural Gas Gas On Site Improvement Assessments 482000.00 Industrial Units No Lead Paint Unknown Location Description South Of Route 28 Lot Size Source Assessor Other Assessments 0.00 Primary Sub Type Income/Multi-Family Residential Units Yes Seasonal Year Round Secondary Sub Type Restaurant Sewer Public Sewer Special List Conditions Standard Sq Ft Source Assessor Tax Year 2021 Tenant Pays Common Area MaintenanceElectricityExterior MaintenanceGasInterior MaintJanitorial ServiceLawn CareReal Estate TaxesSnow RemovalTrash CollectionWater Total Assessment 482000.00 Total Commercial Units 1 Total Residential Units 3 Utilities CableElectricityGasHigh Speed InternetTelephone Water Town Water Zoning Hvb

    Listing information © 2021 Cape Cod & Islands Multiple Listing Service, Inc.
    Listing provided courtesy of Kevin Pepe of Commercial Realty Advisors, Inc..


    © 2021 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: 2021-04-14T13:26:01.09.
     
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    2672 Main St
    Brewster MA, 02631