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541-545 Main St
Hyannis, MA 02601
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
7,141 SF
Building Class
C
Year Built
1960
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.54 AC
Zoning
GB
Parking
18 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
86’ on Main St

AMENITIES

  • Bus Line

ABOUT 541-545 MAIN ST , HYANNIS, MA 02601

Everyone knows this intriguing parcel right in the center of Main Street because of the carousel that was recently situated on the site. While the horses are gone, the arcade is still here, along with a number of other businesses, some seasonal, that lease space here. The current owners have very much enjoyed running the arcade and carousel over the past few years, but have decided that their interests are moving in another direction. This is a great opportunity for either improving the current rents and buildings to increase the income, or for someone to build new with a possibility of apartments and commercial space. Hyannis Village Business Zone allows many uses – please check with the town. In addition, this property is in the Federal Opportunity Zone, creating some advantageous tax credits for qualifying transactions. There is major upside here, and the owners are willing to consider creative financing such as a Lease/Purchase or partial owner financing for a qualified buyer. Call for details.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HYAN-000308-000000-000130
Land Assessment
$247,300
Improvements Assessment
$788,400
Total Assessment
$1,035,700
  • Listing ID: 18032181

  • Date on Market: 12/23/2019

  • Last Updated:

  • Address: 541-545 Main St, Hyannis, MA 02601

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