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Property profile & analytics
OFF-MARKET
Parking lots & garages

15 Washington St Hyannis, MA 02601

0.24 ac lot
Individually Owned 16-yr Hold Free & Clear
Property ID
US38-1252539
Property summary
AI-generated overview

This exceptional 0.78-acre multi-lot development opportunity in Barnstable, Massachusetts, presents a unique chance to create a thriving mixed-use project in the heart of Downtown Hyannis. Located at 15 Washington St, 02601, this property offers four lots zoned for Downtown Village use, allowing for a diverse range of development possibilities. The site's potential includes the construction of 30+ apartments, capitalizing on the high demand for residential units in this vibrant area. A key feature is the existing building at 40 North Street, suitable for mixed-use development with commercial space on the ground floor and residential units above. Furthermore, all necessary paperwork for the demolition of two buildings at 23 Washington Street is complete, paving the way for seamless redevelopment. This streamlined process significantly reduces development hurdles and accelerates project timelines. The asking price for this exceptional opportunity is $2,400,000. Detailed plans, permits, and comprehensive development documents are available upon request. This is an unparalleled chance to build a landmark project in a highly desirable location, combining residential and commercial spaces to create a dynamic and profitable investment. The property's central location in Downtown Hyannis ensures high visibility and easy access to amenities, making it an attractive proposition for both residents and businesses. Don't miss this chance to shape the future of Hyannis.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.24 ac (10,454 SF)
Zoning code U
APN HYAN M:309 L:197
UPID US38-1252539
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
40 North Street RT · 16 yrs held
40 North Street RT
since 2010
3 recorded transactions
2011
Price N/A
2010
$1
2009
$575,000
Zoning & alternative use
U · Hyannis, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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