Building Details

Year Built 1987

Year Renovated 2016

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin Pepe Show Phone

Source: Exprealty

Added: Feb 2 Changed: Oct 15 Last Checked: Oct 19 at 8:27AM

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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 ±6,300 SF masonry commercial building on Main Street in downtown Hyannis. The property sits on ±0.33 acres and was originally constructed in 1987, with renovation completed in 2016. With municipal utilities, established site infrastructure, and on-site parking, the building is well-suited for continued restaurant and hospitality use, as well as other commercial repositioning.

Located in the Downtown Main Street zoning district and the Downtown Hyannis Growth Incentive Zone, the property is described as having strong foot traffic and excellent frontage. The public remarks also note proximity to Hyannis Harbor, ferry terminals, hotels, retail, and year-round attractions.

Sale includes the real estate only; the operating business known as Fresh Ketch is not included.

Key Highlights

• +/-6,300 SF masonry commercial building on Main Street in Downtown Hyannis
• Renovated in 2016; originally constructed in 1987
• +/-0.33 acres in the Downtown Main Street zoning district and Downtown Hyannis Growth Incentive Zone

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,161

Cap Rate

4.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,943,220 $1.9M

Cap Rate 7%

$1,388,014 $1.4M

Cap Rate 9%

$1,079,567 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,300 SF

Gross rent

$136.1K $21.60/SF

− Vacancy

−$6.5K −$1.04/SF

EGI

$129.5K $20.56/SF

− OpEx

−$32.4K −$5.14/SF

NOI

$97.2K $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%

$1,943,220

Cap Rate 7%

$1,388,014

Cap Rate 9%

$1,079,567

Alternative Uses

Best Use

Specialty Retail

$1.39M

$1.21M – $1.62M (±1% cap)

NOI $97,161 @ 7.0% cap · market cap 4.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.57M

$2.25M – $3.00M (±1% cap)

NOI $179,710 @ 7.0% cap · market cap 8.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant Auto Repair Shop Big Box & Wholesale Store Dental Office Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

403

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Masonry commercial building in Downtown Hyannis with on-site parking and municipal utilities, renovated in 2016.

Where is this conventional restaurant located?

The property is located at C1-460 Main St 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 on Main Street in Downtown Hyannis; Renovated in 2016; originally constructed in 1987; +/-0.33 acres in the Downtown Main Street zoning district and Downtown Hyannis Growth Incentive Zone