243 South Street Active Save Request In-Person Tour Request Virtual Tour
Hyannis,MA 02601
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $298
MLS Listing ID 22504684
Year Built 1910
Annual Tax Amount $4,678
Tax Year 2025
Lot Size 0.530 Acres
Property Description
This fully occupied professional office building delivers stable income with a 7.5% capitalization rate.Anchored by a popular FM radio station with extensive IT infrastructure, the +/-2,766 SF property sits on a 0.53-acre parcel in Hyannis' Downtown (DN) zoning district. The tenant's long-standing presence provides both financial security and operational stability.Highlights for Investors:Income-Producing Asset: Fully leased with reliable cash flow.7.5% Cap Rate: Competitive return in a high-demand Cape Cod market.Established Occupant: Well-known broadcast station with specialized infrastructure in place.Prime Location: Situated in downtown Hyannis, close to business, healthcare, and municipal hubs.Historic Character, Modernized Functionality: Originally built in 1910, effectively updated in 1984.This offering represents a turnkey, low-management Hyannis investment with a respected tenant and attractive returns in one of Cape Cod's strongest commercial corridors.
Location
State MA
County Barnstable
Area Hyannis Park
Zoning SF
Interior
Cooling Central Air
Flooring Hardwood,Carpet
Exterior
Exterior Feature Sign
View Y/N No
Roof Type Shingle
Building
Story 2
Foundation Stone
Sewer Public Sewer
Structure Type Frame,Sheet Rock
Schools
Elementary Schools Barnstable
Middle Schools Barnstable
High Schools Barnstable
School District Barnstable
Others
Special Listing Condition None