Mixed-Use Building with
For Sale
$430,000
Pending
517 Main Street, Hyannis, MA 02601
Commercial Sale, Hyannis, MA
Property Size2,256 SF
Lot Size0.07 Acres
Days on Market224
Property Features for 517 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HVB
Appliances
Water Heater
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Directions
517 Main Street Hyannis, MA
Subdivision
Barnstable
Standard status
Pending
APN
308-094
Size
2,256 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4180
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Carpet, Tile
Building materials
Clapboard
Roof type
Asphalt, Shingle
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
John E Ciluzzi · License #8990
(508) 962-5033
Added: Feb 23
Changed: Sep 17
Last Checked: Oct 5 at 12:06PM
MLS# 22600606
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 2,256-square-foot mixed-use property combines a licensed first-floor restaurant with flexible space on the level above. The dining area is approved for 70 seats and includes 24 outdoor patio seats, while the full commercial kitchen is equipped for restaurant operations. Tile and carpet flooring, natural-gas forced-air heat, and wall-unit cooling serve the building.
The second floor was recently remodeled and includes a bedroom and full bath, allowing use as a residential unit. It can also function as office or storage space. Built in 1900 on a 0.07-acre lot, the property has clapboard construction, an asphalt shingle roof, public water, public sewer, and phone availability. The address is 517 Main Street in Downtown Hyannis, near shopping, entertainment, local attractions, island ferries, and Hyannis Municipal Airport.
The second floor was recently remodeled and includes a bedroom and full bath, allowing use as a residential unit. It can also function as office or storage space. Built in 1900 on a 0.07-acre lot, the property has clapboard construction, an asphalt shingle roof, public water, public sewer, and phone availability. The address is 517 Main Street in Downtown Hyannis, near shopping, entertainment, local attractions, island ferries, and Hyannis Municipal Airport.
Key Highlights
- Licensed first‑floor restaurant space with seating for 70
- 24 outdoor patio seats included
- Full commercial kitchen in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,793
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,860
$695.9K
Cap Rate 7%
$497,043
$497.0K
Cap Rate 9%
$386,589
$386.6K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$48.7K $21.60/SF
− Vacancy
−$2.3K −$1.04/SF
EGI
$46.4K $20.56/SF
− OpEx
−$11.6K −$5.14/SF
NOI
$34.8K $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%
$695,860
Cap Rate 7%
$497,043
Cap Rate 9%
$386,589
Alternative Uses
Best Use
Specialty Retail
$497.0K
$434.9K – $579.9K
NOI $34,793 @ 7.0% cap · market cap 8.09%
Second Best
Industrial
$465.4K
$407.2K – $542.9K
NOI $32,576 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$919.3K
$804.4K – $1.07M
NOI $64,353 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 21%
Apparel 5%
Hotels & Casinos 4%
McDonald's
Dining
15,813 visits/mo
0.2 miles
Burger King
Dining
7,526 visits/mo
0.2 miles
Santander Bank
Shops & Services
3,376 visits/mo
0.2 miles
Balise Ford
Shops & Services
2,850 visits/mo
0.3 miles
Wings Beachwear
Apparel
1,826 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Licensed dining space, outdoor seating, and a full commercial kitchen occupy the first floor, with flexible second-floor space above.
Where is this mixed-use property located?
The property is located at 517 Main Street Hyannis, MA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Licensed first‑floor restaurant space with seating for 70; 24 outdoor patio seats included; Full commercial kitchen in place
