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Hyannis Office Building For Sale

243 South Street, Hyannis, MA 02601

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For Sale

$775,000

Fully occupied office building in Hyannis with stable income.

Type:Commercial

Property size:

2,766 SF

Lot size:

0.53 Acres

Price / SF:

$280/SF

HighLights

7.5% Capitalization Rate: Provides a competitive return on investment.
Fully Leased with Reliable Cash Flow: Offers immediate and stable income.
Established Occupant: Anchored by a well‑known FM radio station, ensuring tenant stability.
Prime Downtown Hyannis Location: Close to business, healthcare, and municipal centers.
Specialized Infrastructure: The radio station tenant has extensive IT infrastructure already in place.
Historic Character, Modernized Functionality: Building combines classic architecture with updated systems.

We can help!

Listing Contact

KEVIN PEPE

Learn more

For Sale

$775,000

Fully occupied office building in Hyannis with stable income.

Type:Commercial

Property size:

2,766 SF

Lot size:

0.53 Acres

Price / SF:

$280/SF

Added:: Sep 19, 2025
Days on Market:: 263
Last Refresh:: Apr 15 at 8:21 pm

Property Features for 243 South Street

General Information

Standard status: Active
Size: 2,766 SF
Lot size: 0.53 Acres
Property subtype: Commercial

Building Details

Year Built: 1910

We can help!

Listing Contact

KEVIN PEPE

Listing agent KEVIN PEPE

Listing office COMMERCIAL REALTY ADVISORS, INC.

Listing date Sep 19, 2025

Source Corcoran

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 COMMERCIAL REALTY ADVISORS, INC.

HighLights

7.5% Capitalization Rate: Provides a competitive return on investment.
Fully Leased with Reliable Cash Flow: Offers immediate and stable income.
Established Occupant: Anchored by a well‑known FM radio station, ensuring tenant stability.
Prime Downtown Hyannis Location: Close to business, healthcare, and municipal centers.
Specialized Infrastructure: The radio station tenant has extensive IT infrastructure already in place.
Historic Character, Modernized Functionality: Building combines classic architecture with updated systems.

Overview

This fully occupied professional office building provides stable income with a 7.5% capitalization rate. The property, with ±2,766 square feet of space, is anchored by a popular FM radio station that has extensive IT infrastructure. Situated on a 0.53-acre parcel, the building is located in Hyannis' Downtown zoning district. The tenant's long-standing presence ensures financial security and operational stability. The building was originally built in 1910 and effectively updated in 1984. This income-producing asset is fully leased with reliable cash flow, offering a competitive return in a high-demand Cape Cod market. The established occupant, a well-known broadcast station, has specialized infrastructure in place. The property is situated in downtown Hyannis, close to business, healthcare, and municipal hubs, representing a turnkey, low-management Hyannis investment with a respected tenant and attractive returns in one of Cape Cod's strongest commercial corridors.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$96.9k	$35.04
− Vacancy	−$19.4k	−$7.01
EGI	$77.5k	$28.03
− OpEx	−$19.4k	−$7.01
NOI	$58.2k	$21.02

2,766 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$830.7K

$726.9K – $969.2K (±1% cap)

NOI $58,152 @ 7.0% cap · market cap 7.50%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.13M

$986.3K – $1.32M (±1% cap)

NOI $78,901 @ 7.0% cap · market cap 10.18%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Hyannis
County: Barnstable
State: Massachusetts
Longitude: -70.2924
Latitude: 41.6607

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For sale
Office buildings
MA
Hyannis
02601
243 South Street

What type of property is this?

Office building - Fully occupied office building in Hyannis with stable income.

Where is this office building located?

The property is located at 243 South Street Hyannis, MA.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 7.5% Capitalization Rate: Provides a competitive return on investment.; Fully Leased with Reliable Cash Flow: Offers immediate and stable income.; Established Occupant: Anchored by a well‑known FM radio station, ensuring tenant stability.