Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Hyannis Commercial Space Title is generated by Realmo AI

    338 Main Street, Hyannis, MA 02601

    View on Map
    Claim this Listing
    For Sale
    $2,195,000

    Prime commercial space in thriving downtown Hyannis business district.

    Type:Commercial
    Property size:
    13,424 SF
    Price / SF:
    $163/SF
    Added:
    Dec 1, 2025
    Days on Market:
    187
    Last Refresh:
    Apr 15 at 9:18 pm

    Property Features for 338 Main Street

    General Information

    Standard status
    Active
    Size
    13,424 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    LAURIE A DICKEY
    LAURIE A DICKEY

    Listing agent LAURIE A DICKEY License #455000054

    Listing office HIGH POINTE PROPERTIES

    Listing date Dec 1, 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 HIGH POINTE PROPERTIES

    HighLights

    • Prime downtown Hyannis location on a prominent corner lot.
    • Substantial commercial space totaling over 13,424 sq ft.
    • Diverse and dependable income stream from established tenants.
    • Private parking lot for tenant and visitor convenience.
    • High visibility and steady foot traffic in a thriving business district.
    • Surrounded by shops, restaurants, and entertainment.

    Overview

    This commercial property in downtown Hyannis offers over 13,424 square feet of space. The corner-lot property includes two well-maintained buildings with a mix of tenants, including restaurants, a jujutsu studio, and professional offices. A private parking lot provides convenience for tenants and visitors. Located in a thriving business district with high visibility and steady foot traffic, the property is surrounded by shops, restaurants, and entertainment. This property is positioned for continued growth and long-term success.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Bee & Blossom — 675 Main St, Hyannis, MA 02601

    Location Insight

    • Map
    • Local Demand
    City
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.3877064
    Latitude
    41.7209192

    Nearby Similar for Sale

    • $1,500,000
      3,296 SF

      Corner Retail Landmark

      For-sale retail property on a high-exposure corner lot, offered with three long-standing neighborhood businesses.
      340 North Street, Hyannis, MA 02601
      View Details
    • $750,000
      2,783 SF

      Renovated Restaurant in Hyannis Market

      Completely renovated restaurant in Hyannis' Business Improvement District for sale.
      247 Main Street, Hyannis, MA 02601
      View Details
    • $545,000
      2,790 SF

      Hyannis Commercial Condominium For Sale

      Commercial condominium in Hyannis, ideal for investment or relocation.
      68 Center Street, Hyannis, MA 02601
      View Details
    • $499,000
      2,256 SF

      Restaurant Space in Downtown Hyannis

      Turnkey restaurant with flexible space in the heart of Hyannis.
      517 Main Street, Hyannis, MA 02601
      View Details
    • $775,000
      2,766 SF

      Income-Producing Professional Office Building

      Fully leased downtown office building anchored by an FM radio station, offering stable cash flow and turnkey investment.
      243 South Street, Hyannis, MA 02601
      View Details
    • $598,000
      16,239 SF

      Established Restaurant and Bar Opportunity

      Turnkey restaurant and bar with high traffic location in Hyannis.
      950 Iyannough Road, Hyannis, MA 02601
      View Details
    • $1,285,000
      4,032 SF

      Downtown Hyannis Mixed-Use Property

      Turnkey mixed-use property with buildable lot in downtown Hyannis.
      574 Main Street, Hyannis, MA 02601
      View Details
    • $795,000
      5,790 SF

      Modern Hyannis Commercial Condo Unit

      Renovated 2,895 SF condo in Hyannis business district.
      68 Center Street, Hyannis, MA 02601
      View Details
    • $299,000
      1,414 SF

      Hyannis Commercial Business Bay/Office Unit

      Commercial business bay/office unit in Hyannis, Cape Cod, MA.
      270 Communication Way, Hyannis, MA 02601
      View Details
    • $255,000
      532 SF

      Hyannis Commercial Unit For Sale

      Commercial unit in active Cape Cod district with in-place tenancy.
      569 Main Street, Hyannis, MA 02601
      View Details
    • $849,000
      4,259 SF

      Prime Corner Commercial Condo, Hyannis

      High-visibility 4,200 SF commercial condo in downtown Hyannis.
      615 Main Street, Hyannis, MA 02601
      View Details
    • $775,000
      2,766 SF

      Turnkey Fully Leased Office Building

      Fully occupied professional office building on a 0.53-acre parcel with established long-term radio station tenant.
      243 South St, Barnstable, MA, MA 02601
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime commercial space in thriving downtown Hyannis business district.
    Where is this storefront property located?
    The property is located at 338 Main Street Hyannis, MA.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: Prime downtown Hyannis location on a prominent corner lot.; Substantial commercial space totaling over 13,424 sq ft.; Diverse and dependable income stream from established tenants.
    (774) 444-5444
    We can help!
    Listing Contact
    LAURIE A DICKEY
    LAURIE A DICKEY
    Real Estate License ID: 455000054
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    338 Main Street, Hyannis, MA 02601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!