Income-Producing Professional Office
243 South Street, Hyannis, MA 02601
COMMERCIAL - Hyannis, MA
Type:Office
Property size:
2,766 SFLot size:
0.53 AcresPrice / SF:
$280/SF- Added:
- Sep 19, 2025
- Days on Market:
- 269
- Last Refresh:
- Jun 14 at 12:06 pm
Property Features for 243 South Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Basement
- Walk-Out Access, Full
- Appliances
- Water Heater
- Standard status
- Active
- APN
- 326-005
- Size
- 2,766 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4678
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Flooring type
- Hardwood, Carpet
- Building materials
- Frame
- Roof type
- Shingle
Listing agent Kevin Pepe (508) 862-9000
Listing office Commercial Realty Advisors, Inc. 222 W Main Street, Hyannis, MA (508) 862-9000
Listing date Sep 19, 2025
MLS# 22504684
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied professional office building with stable income and a 7.5% capitalization rate
- Approximately 2,766 SF on a 0.53‑acre parcel in Hyannis’ Downtown (DN) zoning district
- Built in 1910 and effectively updated in 1984, with frame construction and a shingle roof
- Tenant is a FM radio station with specialized extensive IT infrastructure
- Utilities include public water and public sewer, with natural gas forced‑air heating and central air
Overview
Located at 243 South Street in Hyannis, this professional office building is fully occupied and designed for operational stability. The offering is approximately +/-2,766 square feet on a 0.53-acre parcel and is anchored by a long-standing FM radio station tenant with extensive IT infrastructure. Built in 1910 and effectively updated in 1984, the property combines historic character with modernized functionality, supporting a turnkey investment approach for buyers seeking dependable income.
The building sits in Hyannis’ Downtown (DN) zoning district and is positioned in the downtown core near business, healthcare, and municipal hubs. Its established tenant presence supports ongoing utilization with minimal interruption risk, while the specialized infrastructure already in place reflects a facility that is ready to operate within the current configuration.
For investors, this is an income-producing, low-management opportunity backed by a respected, established occupant. The stated 7.5% capitalization rate provides a clear benchmark for those underwriting cash flow in a high-demand Cape Cod market. For tenant-focused buyers, the property’s office configuration and existing technology infrastructure may appeal to organizations requiring a dedicated, operationally integrated workspace.
The building sits in Hyannis’ Downtown (DN) zoning district and is positioned in the downtown core near business, healthcare, and municipal hubs. Its established tenant presence supports ongoing utilization with minimal interruption risk, while the specialized infrastructure already in place reflects a facility that is ready to operate within the current configuration.
For investors, this is an income-producing, low-management opportunity backed by a respected, established occupant. The stated 7.5% capitalization rate provides a clear benchmark for those underwriting cash flow in a high-demand Cape Cod market. For tenant-focused buyers, the property’s office configuration and existing technology infrastructure may appeal to organizations requiring a dedicated, operationally integrated workspace.
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 Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Hyannis
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.2924
- Latitude
- 41.6607
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully leased downtown office building anchored by an FM radio station, offering stable cash flow and turnkey investment.
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: Fully occupied professional office building with stable income and a 7.5% capitalization rate; Approximately 2,766 SF on a 0.53‑acre parcel in Hyannis’ Downtown (DN) zoning district; Built in 1910 and effectively updated in 1984, with frame construction and a shingle roof
