Renovated Licensed Restaurant
247 Main Street #UNIT 6 Barnstable, MA 02601
247 Main Street #UNIT 6, Barnstable, MA, 02601
$699,000
For Sale
$699,000
Completely renovated, 72-seat multi-level restaurant condo with spacious kitchen and Main Street deck.
Property Size2,783 SF
Price / SF$251.17
Days on Market11
Property Features for 247 Main Street #UNIT 6
General Information
- Standard status
- Active
- Size
- 2,783 SF
Building Details
- Year Built
- 1900
Listing Agency
Premier Commercial
(508) 962-5033
Listed by
John E Ciluzzi · License #8990
(508) 962-5033
Source
Laerrealty
Added: Jul 7 Checked: Jul 17 at 2:37 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial
Investment Insights
Based on property information with market context.
Completely renovated restaurant condo in the Business Improvement District of the Hyannis Market, now available for sale. The space is licensed for 72 seats across multiple levels and includes a spacious commercial kitchen designed to support full-service operations. A large deck overlooking Main Street is part of the offering and may be revitalized.
The property is located on the East End of Main Street and is described as being in close proximity to Sea Captains Row and the 255 Main Street residential workforce developments. It is also near the USPO, shops, and the island ferry service and transportation center, placing it within an active retail and transit-oriented setting.
For restaurateurs seeking a new location or relocation, the combination of an existing licensed capacity, a fully renovated interior, and a commercial kitchen can help streamline the transition to operating a restaurant. The multi-level layout accommodates dining on more than one floor, while the Main Street-facing deck offers an additional outdoor option. Additional residential condo may be available for interested parties, and seller financing may be available for qualified buyers.
The property is located on the East End of Main Street and is described as being in close proximity to Sea Captains Row and the 255 Main Street residential workforce developments. It is also near the USPO, shops, and the island ferry service and transportation center, placing it within an active retail and transit-oriented setting.
For restaurateurs seeking a new location or relocation, the combination of an existing licensed capacity, a fully renovated interior, and a commercial kitchen can help streamline the transition to operating a restaurant. The multi-level layout accommodates dining on more than one floor, while the Main Street-facing deck offers an additional outdoor option. Additional residential condo may be available for interested parties, and seller financing may be available for qualified buyers.
Key Highlights
- Completely renovated restaurant condo licensed for 72 seats on multiple levels
- Spacious commercial kitchen included
- Large deck overlooking Main Street; may be revitalized
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $21.60 |
| − Vacancy | −$2.9k | −$1.04 |
| EGI | $57.2k | $20.56 |
| − OpEx | −$14.3k | −$5.14 |
| NOI | $42.9k | $15.42 |
2,783 SF · lease $21.60/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$613.2K
$536.5K – $715.4K
NOI $42,921 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$992.3K – $1.32M
NOI $79,386 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Completely renovated, 72-seat multi-level restaurant condo with spacious kitchen and Main Street deck.
Where is this conventional restaurant located?
The property is located at 247 Main Street #UNIT 6 Barnstable, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Completely renovated restaurant condo licensed for 72 seats on multiple levels; Spacious commercial kitchen included; Large deck overlooking Main Street; may be revitalized
