243 South St new Save Request In-Person Tour Request Virtual Tour
Barnstable,MA 02601
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $298
MLS Listing ID 73433263
Year Built 1910
Annual Tax Amount $5,339
Tax Year 2025
Lot Size 0.530 Acres
Property Description
This fully occupied professional office building delivers stable income with a 7.5% capitalization rate. Anchored by a popular FM radio station with extensive IT infrastructure, the ±2,766 SF property sits on a 0.53-acre parcel in Hyannis' Downtown (DN) zoning district. The tenant's long-standing presence provides both financial security and operational stability. Highlights for Investors:Income-Producing Asset: Fully leased with reliable cash flow.7.5% Cap Rate: Competitive return in a high-demand Cape Cod market.Established Occupant: Well-known broadcast station with specialized infrastructure in place.Prime Location: Situated in downtown Hyannis, close to business, healthcare, and municipal hubs.Historic Character, Modernized Functionality: Originally built in 1910, effectively updated in 1984.This offering represents a turnkey, low-management Hyannis investment with a respected tenant and attractive returns in one of Cape Cod's strongest commercial corridors.
Location
State MA
County Barnstable
Zoning DN
Exterior
Utilities Available Public Water,Public Sewer