Amazing opportunity to acquire a MIXED-USE INCOME PROPERTY (8% cap rate on proforma) in prime retail location on Main Street, Hyannis. This is the first time that this property has been offered since 1994. This free standing condominium is comprised of 4 units totaling 3,648+/- sf. The first floor consists of a nearly 1500 +/- sf commercial space that has historically been used as successful restaurant space (former Hyannis Oyster Co.) with tremendous outdoor patio space fronting Main St., as well as an occupied Studio apartment in the rear. The second floor of this property consists of two occupied two bedroom apartments. Each of the 3 apartments have been recently renovated. While the Main Street fronting commercial space has been used predominantly as a restaurant, it could be equally valuable as a retail space. This high visibility location is in the Hyannis Village Business District, Growth Incentive Zone and a Federal Opportunity Zone, and faces the busy intersection of Main St and Basset Ln. Financial / lease information available to qualified investors / end-users.
- MLS# 22101023
- Date Listed03/08/2021
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Property Type
- County Barnstable
- Year Built 1987
- Water Public
- Square Feet 3,648 sq. ft
- Price Per Sq. Ft $260.42
Interior Features
- Appliances Gas Water Heater
- Flooring Laminate, Carpet
- Cooling Other
- Heating Forced Air
Exterior / Lot Features
- Exterior Other
- Roof Asphalt, Composition
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features On Golf Course, Near Golf Course
Directions
Main street to Basset Lane, property immediately on the left. Basset Lane south to Main Street, property across Main Street on right.
Financial Considerations
- HOA Fee $6,840 Annually
- Tax Amount $6,289
- Terms Cash, Conventional, FHA, VA Loan
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 395 South Street | Listing | 2 | 1 | Oct 25, 2025 | $325,000 | Mar 21, 2024 | $513,329 |
| 135 Sea Street | Listing | 4 | 2 | Oct 25, 2025 | $599,900 | Mar 21, 2024 | $641,096 |
| 65 Louis Street | Listing | 2 | 1 | Oct 25, 2025 | $239,900 | Mar 21, 2024 | $418,901 |
| 89 Murphy Road | Listing | 3 | 3 | Oct 25, 2025 | $499,000 | Jun 17, 2024 | $427,200 |
| 52 Harvard Street | Listing | 4 | 2 | Oct 25, 2025 | $399,900 | Mar 21, 2024 | $586,089 |
| 44 Maple Avenue | Listing | 4 | 3 | Oct 24, 2025 | $429,900 | Mar 21, 2024 | $658,073 |
| 52 Oak Neck Road | Listing | 2 | 1 | Oct 25, 2025 | $329,000 | Mar 21, 2024 | $377,750 |
| 64 Dumont Drive | Listing | 2 | 1 | Oct 25, 2025 | $369,000 | Mar 21, 2024 | $475,250 |
| 30 Chase Street | Listing | 4 | 1 | Oct 25, 2025 | $370,000 | Mar 21, 2024 | $612,272 |
| 124 Sea Street | Listing | 2 | 1 | Oct 25, 2025 | $479,000 | Mar 21, 2024 | $426,353 |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 14,409 | 14,409 | 224,793 | 335,858,263 |
| Population Density | 1,642 | 1,642 | 571 | 95 |
| People per Household | 2.2 | 2.2 | 2.2 | 2.6 |
| Median Age | 43.7 | 43.7 | 52.5 | 39.1 |
| Median Income | $58,860 | $58,860 | $78,548 | $66,222 |
| Average Income | $32,021 | $32,021 | $47,040 | $35,475 |
| Cost of Living Index | 96 | 96 | 101 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 21.2°F | 21.2°F | 21.2°F | 22.6°F |
| July Avg. High Temp | 77.8°F | 77.8°F | 77.8°F | 86.2°F |
| Annual Precipitation | 43.03" | 43.03" | 43.03" | 38" |
94/100
Walker's Paradise
Walk Score ®
40/100
Some Transit
Transit Score ®
57/100
Bikable
Bike Score ®
Overview
Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.Transit Summary
29 nearby routes: 19 bus, 0 rail, 10 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 15/100, Bike Score: 33/100.
Property Change History
Points of Interest near 561 Main Street A, Hyannis, MA 02601
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Frequently Asked Questions for 561 Main Street A
Source: Realty.com
561 Main Street A, Hyannis, MA 02601 is a , Residential Income property listed for $950,000 The property is 3648 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 16 photos of 561 Main Street A.
Our records indicate that 561 Main Street A was built in 1987.
The full address for this home is 561 Main Street A, Hyannis, MA 02601.
561 Main Street A has been listed on Realty.com since Mon March 08, 2021
Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 23/100, Transit Score: 15/100, Bike Score: 33/100.
Listing provided courtesy of:
Commercial Realty Advisors, Inc.
(tel: 508-862-9000)
Listing agent:
Kevin Pepe
(tel: 508-862-9000)
(#U0561)
This content last refreshed on 2025-12-01 04:51:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 561 Main Street A, Hyannis, MA 02601 : MLS# 22101023