Downtown Hyannis Commercial Building For
For Sale
$1,999,000
460 Main Street C1 Hyannis, Hyannis, MA 02601
Highly visible commercial building in the heart of Downtown Hyannis.
Property Size6,216 SF
Lot Size0.33 Acres
Price / SF$321.59
Days on Market154
Property Features for 460 Main Street C1 Hyannis
General Information
Standard status
Active
Size
6,216 SF
Lot size
0.33 Acres
Zoning
DMS
Taxes and HOA fees
Annual Taxes
$12,387
Building Details
Building Size
6,216 SF
Year Built
1987
Stories
1
Listing Agency:
Milestone Realty, Inc
Listed By:
Leanne McCormick
(774) 309-3101
Source:
Milestonerealtyinc
Added: May 16
Changed: Oct 7
Last Checked: Oct 7 at 9:14AM
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 Milestone Realty, Inc
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Investment Insights
Based on property information with market context.
Offered for sale is a highly visible +/-6,300 SF masonry commercial building located in the heart of Downtown Hyannis on Main Street. Situated on +/-0.33 acres within the Downtown Main Street zoning district and the Downtown Hyannis Growth Incentive Zone, this property benefits from strong foot traffic, excellent frontage, and proximity to Hyannis Harbor, ferry terminals, hotels, retail, and year-round attractions. Originally constructed in 1987 and renovated in 2016, the building is well-suited for continued restaurant, hospitality, or repositioned commercial use. The property offers municipal utilities, on-site parking, and established site infrastructure. This is a rare opportunity to acquire a core downtown asset in a supply-constrained market with long-term redevelopment and investment upside. Sale includes real estate only; the operating business known as Fresh Ketch is not included.
Key Highlights
- Prime Downtown Hyannis Main Street location with high visibility and strong foot traffic.
- +/-6,300 SF masonry commercial building suitable for restaurant, hospitality, or commercial use.
- Located in the Downtown Hyannis Growth Incentive Zone, offering redevelopment and investment upside.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,664
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,553,280
$2.6M
Cap Rate 7%
$1,823,771
$1.8M
Cap Rate 9%
$1,418,489
$1.4M
Market Conditions
NOI Build-Up for 6,216 SF
Gross rent
$186.5K $30.00/SF
− Vacancy
−$4.1K −$0.66/SF
EGI
$182.4K $29.34/SF
− OpEx
−$54.7K −$8.80/SF
NOI
$127.7K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,553,280
Cap Rate 7%
$1,823,771
Cap Rate 9%
$1,418,489
Alternative Uses
Best Use
Retail
$1.82M
$1.60M – $2.13M
NOI $127,664 @ 7.0% cap · market cap 6.39%
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
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
319k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 26%
Groceries 14%
Apparel 14%
Trader Joe's
Groceries
46,099 visits/mo
0.3 miles
BJ's Gas
Shops & Services
24,971 visits/mo
0.3 miles
Wendy's
Dining
23,709 visits/mo
0.3 miles
Old Navy
Apparel
21,907 visits/mo
0.5 miles
T.J. Maxx
Apparel
21,664 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Angie's Florists — 350 Mitchells Way, Hyannis, MA 02601
Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible commercial building in the heart of Downtown Hyannis.
Where is this storefront property located?
The property is located at 460 Main Street C1 Hyannis 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: Prime Downtown Hyannis Main Street location with high visibility and strong foot traffic.; +/-6,300 SF masonry commercial building suitable for restaurant, hospitality, or commercial use.; Located in the Downtown Hyannis Growth Incentive Zone, offering redevelopment and investment upside.
