Downtown Restaurant Building with
C1-460 Main St Hyannis, MA
C1-460 Main St, Hyannis, MA, 00000
$1,999,000
For Sale
$1,999,000
Masonry commercial building in Downtown Hyannis with on-site parking and municipal utilities, renovated in 2016.
Property Size6,300 SF
Lot Size0.33 Acres
Price / SF$317.30
Days on Market169
Property Features for C1-460 Main St
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 0.33 Acres
Listing agency
Commercial Realty Advisors, Inc.
(508) 862-9000
Listed by
Kevin Pepe
(508) 862-9000
Source
Exprealty
Added: Feb 2 Updated: Jul 21 at 12:39AM Checked: Jul 21 at 12:39AM
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.
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.
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.1k | $21.60 |
| − Vacancy | −$6.5k | −$1.04 |
| EGI | $129.5k | $20.56 |
| − OpEx | −$32.4k | −$5.14 |
| NOI | $97.2k | $15.42 |
6,300 SF · lease $21.60/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.21M – $1.62M
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
NOI $179,710 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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
