Turnkey Fully Leased Office
243 South St Barnstable Hyannis, MA 02601
243 South St Barnstable, Hyannis, MA, 02601
$775,000
For Sale
$775,000
Fully occupied professional office building on a 0.53-acre parcel with established long-term radio station tenant.
Property Size2,766 SF
Lot Size0.53 Acres
Price / SF$280.19
Days on Market49
Property Features for 243 South St Barnstable
General Information
- Standard status
- Active
- Size
- 2,766 SF
- Lot size
- 0.53 Acres
Building Details
- Year Built
- 1910
Listing Agency
(508) 501-1443
Listed by
Michele Costa
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 2:49 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 Michele Costa
Investment Insights
Based on property information with market context.
This fully occupied professional office building is a turnkey investment opportunity built originally in 1910 and effectively updated in 1984. The property includes approximately 2,766 square feet and is anchored by a popular FM radio station, with extensive IT infrastructure already in place. The building is situated on a 0.53-acre parcel and operates as a professional office environment designed to support the tenant’s specialized needs.
The property is located at 243 South St in Hyannis within the Downtown (DN) zoning district. It is described as being positioned close to business, healthcare, and municipal hubs, supporting convenient access for office operations and tenant staffing.
For investors or owner-operators seeking a low-management structure, the current tenant’s long-standing presence and fully leased status provide an income-producing profile. The building also presents an asset mix of historic character and modernized functionality, which can appeal to buyers looking for an office property with infrastructure already aligned to a communications-focused occupant.
The property is located at 243 South St in Hyannis within the Downtown (DN) zoning district. It is described as being positioned close to business, healthcare, and municipal hubs, supporting convenient access for office operations and tenant staffing.
For investors or owner-operators seeking a low-management structure, the current tenant’s long-standing presence and fully leased status provide an income-producing profile. The building also presents an asset mix of historic character and modernized functionality, which can appeal to buyers looking for an office property with infrastructure already aligned to a communications-focused occupant.
Key Highlights
- Fully occupied professional office building with a 7.5% capitalization rate
- 2,766 SF office building on a 0.53‑acre parcel in Hyannis’ Downtown (DN) zoning district
- Originally built in 1910 and effectively updated in 1984
Local Financial Insights For Office B
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 | $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
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
NOI $78,901 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Fully occupied professional office building on a 0.53-acre parcel with established long-term radio station tenant.
Where is this office building located?
The property is located at 243 South St Barnstable 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: Fully occupied professional office building with a 7.5% capitalization rate; 2,766 SF office building on a 0.53‑acre parcel in Hyannis’ Downtown (DN) zoning district; Originally built in 1910 and effectively updated in 1984
