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243 South Street

Hyannis, MA 02601
  • $753,000
  • STATUS: Closed
  • ON SITE: 350 Days
  • MLS #: 22504684
Sold - 08/20/2026
$753,000
SOLD - 08/20/2026
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,766
    SQFT
  • $272
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

School District:

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.

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Cape Cod & Islands MLS logo © 2026 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rand Atlantic Cape Cod Realty. Data last updated: 2026-09-05T13:25:25.12.
www.randatlantic.com/homes/168076145
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243 South Street Hyannis, MA 02601

  • Price: $775,000
  • Status: Closed
  • On Site: 350 Days
  • Updated: 2 min ago
  • MLS #: 22504684
0
Beds
0
Baths
0
½ Baths
0.53
Acres
2,766
SQFT
$272
$/SQFT
1910
Built
Neighborhood:
Barnstable
County:
Barnstable
Area:
Barnstable
School District:
Barnstable
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.
Exterior Features

Foundation Details Stone Roof Shingle

Interior Features

Appliances Natural GasWater Heater Basement Full Basement Description Walk-Out AccessFullInterior Access Cooling Central Air Cooling YN Yes Flooring HardwoodOtherCarpet Heat Forced Air Heating Natural GasForced Air Heating YN Yes

Property Features

Building Features Sign FEMAFlood Zone X Financing Available No Golf Course Front No Golf Course View No Property Sub Type Office Region Mid-Cape Renovated Yes Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 4678 Tax Assessed Value 543100 Tax Year 2025 Water Source Public Waterfront YN No

Cape Cod & Islands MLS logo Listing information © 2026 Cape Cod & Islands Multiple Listing Service, Inc.
Listing provided courtesy of Kevin Pepe of Commercial Realty Advisors, Inc.:


Cape Cod & Islands MLS logo © 2026 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rand Atlantic Cape Cod Realty. Data last updated: 2026-09-05T13:25:25.12.
 
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Rand Atlantic Cape Cod Realty
229 Old Main Road
North Falmouth MA, 02556