Masonry Restaurant
460 Main Street Unit C1, Hyannis, MA 02601
For Sale
$1,999,000
Well-situated downtown masonry building with on-site parking, municipal utilities, and a 2016 renovation.
Property Size6,216 SF
Lot Size0.33 Acres
Price / SF$321.59
Days on Market301
Property Features for 460 Main Street Unit C1
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Utilities to Site
Building Details
Year Built
Year Renovated
Construction
Listing Agency:
Commercial Realty Advisors,Inc.
Listed By:
Kevin Pepe
(508) 962-5022
Source:
Davenportrealty
Added: Jan 13
Changed: Nov 8
Last Checked: Nov 8 at 6:57AM
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.
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Investment Insights
Based on property information with market context.
Offered for sale is a highly visible masonry commercial building totaling about 6,300 SF, built in 1987 and renovated in 2016. The property is positioned on roughly 10.33 acres and is described as being located within the Downtown Main Street zoning district and the Downtown Hyannis Growth Incentive Zone. The building is offered as real estate only; the operating business known as Fresh Ketch is not included.
The property is located in the heart of Downtown Hyannis on Main Street and is presented as benefiting from strong foot traffic and excellent frontage. It is also described as being near Hyannis Harbor, ferry terminals, hotels, retail, and year-round attractions.
Additional site attributes noted include municipal utilities, on-site parking, and established site infrastructure, supporting continued restaurant and hospitality use or other commercial repositioning.
The property is located in the heart of Downtown Hyannis on Main Street and is presented as benefiting from strong foot traffic and excellent frontage. It is also described as being near Hyannis Harbor, ferry terminals, hotels, retail, and year-round attractions.
Additional site attributes noted include municipal utilities, on-site parking, and established site infrastructure, supporting continued restaurant and hospitality use or other commercial repositioning.
Key Highlights
- 6,300 SF masonry commercial building in the heart of Downtown Hyannis on Main Street
- Located on 0.33 acres in the Downtown Main Street zoning district and the Downtown Hyannis Growth Incentive Zone
- Built in 1987 and renovated in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,866
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,917,320
$1.9M
Cap Rate 7%
$1,369,514
$1.4M
Cap Rate 9%
$1,065,178
$1.1M
Market Conditions
NOI Build-Up for 6,216 SF
Gross rent
$134.3K $21.60/SF
− Vacancy
−$6.4K −$1.04/SF
EGI
$127.8K $20.56/SF
− OpEx
−$32.0K −$5.14/SF
NOI
$95.9K $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%
$1,917,320
Cap Rate 7%
$1,369,514
Cap Rate 9%
$1,065,178
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,866 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.96M
NOI $177,314 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
$408,800
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Barnstable County, MA
Properties on Market for Conventional restaurants in Barnstable County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-situated downtown masonry building with on-site parking, municipal utilities, and a 2016 renovation.
Where is this conventional restaurant located?
The property is located at 460 Main Street Unit C1 Hyannis, MA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 6,300 SF masonry commercial building in the heart of Downtown Hyannis on Main Street; Located on 0.33 acres in the Downtown Main Street zoning district and the Downtown Hyannis Growth Incentive Zone; Built in 1987 and renovated in 2016
