Renovated Restaurant with Commercial
For Sale
$699,000
247 Main Street, Hyannis, MA 02601
Commercial Sale, Hyannis, MA
Property Size2,783 SF
Price / SF$251.17
Days on Market165
Property Features for 247 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HVB
Basement
Finished
Appliances
Water Heater
Lot features
Level
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Directions
Main Street East End to 247 Main Street, Hyannis, Cape Cod, MA, USA
Subdivision
Barnstable
Standard status
Active
APN
HYAN M:327 L:24600A
Size
2,783 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4546
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Tile, Vinyl, Hardwood
Building materials
Clapboard
Roof type
Flat
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
John E Ciluzzi · License #8990
(508) 962-5033
Added: Apr 24
Changed: Sep 12
Last Checked: Oct 5 at 12:06PM
MLS# 22601713
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.
Investment Insights
Based on property information with market context.
This 2,783-square-foot restaurant condo at 247 Main Street has been completely renovated and is licensed for 72 seats across multiple levels. The property includes a spacious commercial kitchen, a floor plan arranged for restaurant operations, and a large deck overlooking Main Street. Wall-unit and central air-conditioning systems are installed, with vinyl, tile, and hardwood flooring throughout the interior.
The property sits within the Business Improvement District of the Hyannis Market on the east end of Main Street. Nearby destinations identified for the site include Sea Captains Row, 255 Main Street residential workforce developments, the USPO, retail shops, the Island Ferry Service, and the Transportation Center. Public water and public sewer serve the property, and phone service is available.
The property sits within the Business Improvement District of the Hyannis Market on the east end of Main Street. Nearby destinations identified for the site include Sea Captains Row, 255 Main Street residential workforce developments, the USPO, retail shops, the Island Ferry Service, and the Transportation Center. Public water and public sewer serve the property, and phone service is available.
Key Highlights
- 2,783 SF restaurant condo at 247 Main Street
- Completely renovated restaurant licensed for 72 seats
- Spacious commercial kitchen with multi‑level floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,921
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,420
$858.4K
Cap Rate 7%
$613,157
$613.2K
Cap Rate 9%
$476,900
$476.9K
Market Conditions
NOI Build-Up for 2,783 SF
Gross rent
$60.1K $21.60/SF
− Vacancy
−$2.9K −$1.04/SF
EGI
$57.2K $20.56/SF
− OpEx
−$14.3K −$5.14/SF
NOI
$42.9K $15.42/SF
Area
Barnstable County, MA
Vacancy
4.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,420
Cap Rate 7%
$613,157
Cap Rate 9%
$476,900
Alternative Uses
Best Use
Specialty Retail
$613.2K
$536.5K – $715.4K
NOI $42,921 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$574.1K
$502.3K – $669.8K
NOI $40,185 @ 7.0% cap · market cap 5.75%
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Hotels & Casinos 19%
Home Improvements & Furnishings 19%
Dining 6%
Speedway
Shops & Services
12,957 visits/mo
0.4 miles
Bradford's Hardware
Home Improvements & Furnishings
4,862 visits/mo
0.1 miles
DoubleTree by Hilton Hotel Cape Cod - Hyannis
Hotels & Casinos
3,133 visits/mo
0.5 miles
Comfort Inn
Hotels & Casinos
1,512 visits/mo
0.1 miles
Boost Mobile
Electronics
1,209 visits/mo
0.4 miles
Demographics for 02601, MA
16,487
Population
9,077
Households
1.8
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$62,989
Median Household Income
$36,183
Median Earnings
$1,629
Median Rent
$408,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-level dining property with a spacious kitchen, deck, and established Main Street presence.
Where is this conventional restaurant located?
The property is located at 247 Main Street Hyannis, 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: 2,783 SF restaurant condo at 247 Main Street; Completely renovated restaurant licensed for 72 seats; Spacious commercial kitchen with multi‑level floor plan
