243 South Street, Hyannis, MA 02601
Barnstable County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
1910
Living Area
2,766 sq ft
Lot Size
0.53 acres
Zoning
SF
Days on Market
112
MLS® Listing#
22504684
Property Features
Appliances
Cooling
Flooring
Basement
Construction
Foundation
Roof
Sewer
Financial Details
HOA
None
Annual Taxes
$4,678
Tax year 2025
Assessed Value
$543,100
Parcel Number
326005
Directions
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Affordability Calculator
$155,000
Estimated monthly payment
$4,125/mo
Principal $620,000 · Est. interest $864,955 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hyannis, MA
- $550,000
- Median Listing Price
- 36
- Median Days on Market
- 1,390
- Median Sq Ft
- $409
- Median Price / Sq Ft
- 34
- Active Listings
- This home’s price is 41% above the area median.
- Its price per sq ft is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hyannis, MA.
Location
Points of Interest in Hyannis, MA
Showing the Hyannis area map.
Nearby Schools
Sturgis Charter Public School
Secondary · 0.1 mi away
St. John Paul II School
Secondary · 0.2 mi away
Barnstable Community Innovation School
Elementary · 0.6 mi away
Sturgis Charter Public School
School · 0.9 mi away
Sturgis West
School · 1.0 mi away
Crystal Garden Children's Learning Center
School · 1.6 mi away
Hyannis West Elementary School
Elementary · 1.7 mi away
Barnstable High School
Secondary · 2.0 mi away
Barnstable Intermediate School
Secondary · 2.0 mi away
Vanguard Tabletop Gaming
School · 2.1 mi away
Trinity Christian Academy
School · 2.3 mi away
Marguerite E Small Elementary
Elementary · 2.5 mi away
Mattacheese Middle School
Elementary · 2.6 mi away
Centerville Elementary
Elementary · 3.6 mi away
AS Wee Grow Learning Center
School · 3.9 mi away
West Barnstable Elementary
Elementary · 4.0 mi away
John Simpkins School
School · 4.5 mi away
Dennis-Yarmouth Regional School District
School · 4.8 mi away
Station Avenue Elementary
Elementary · 4.9 mi away
Dennis-Yarmouth Middle School
Secondary · 4.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 120 Chestnut Street, Hyannis, MA | $543,000 | 2 | 1 | 1,099 |
| 68 Center Street 19, Hyannis, MA | $545,000 | — | — | 2,790 |
| 545 Lincoln Rd Extension, Hyannis, MA | $564,900 | 2 | 1 | 1,514 |
| 110 School Street E104, Hyannis, MA | $589,000 | 1 | 1 | 7,177 |
| 110 School Street E113, Hyannis, MA | $599,000 | 1 | 1 | 708 |
| 40 Vandermint Lane, Hyannis, MA | $599,900 | 4 | 2 | 1,546 |
Moving Cost Estimate
EXIT Agents in Hyannis
Listing Courtesy: Commercial Realty Advisors, Inc. - 5088629000
Presented by: Kevin Pepe
Last Updated: 2025-09-19