317 Falmouth Rd, Hyannis, MA 02601-2756
This 1,500 square foot retail or office space is located at 317 Falmouth Road (also known as 489 Bearse's Way) in Hyannis, MA, within a vibrant plaza featuring diverse businesses including Bobby Byrne's Restaurant and Pub, Tropical Smoothie Cafe, and others. The space, previously occupied by a physical therapy practice, offers a wide-open layout with several rear offices and two kitchenette areas. Situated at the highly visible intersection of Route 28 and Bearse's Way, this Class A property benefits from high traffic counts and easy access to major roadways like Mid Cape Highway and Route 132. Recent state improvements to the intersection include a new median, lighting, and sidewalks. The 10,000 square foot building, constructed in 1975 and renovated in 2020, sits on a 3.39-acre lot and includes two buildings, each one story high. The property offers ample signage opportunities, including space on the building's front, above the unit, and on a free-standing sign. Utilities include town water and sewer. The building has a total of five suites, with 1,500 square feet currently vacant. The minimum divisible space is 1,500 square feet, and the maximum contiguous space is also 1,500 square feet. The estimated Net Net Net (NNN) expense is approximately $5.50 per square foot. The property is zoned HB.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
H · Hyannis, MAHyannis. Always verify with local authorities before improvements.
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