Remarks

Presenting a remarkable opportunity to acquire a high visibility commercial building (BUILDING ONLY) in the heart of Hyannis. This versatile property is currently approved for mixed-use, making it an ideal investment for both commercial and residential purposes. Property has received city approval for a mixed-use development, including one commercial space and four residential apartments, allowing for diverse income streams and maximizing potential returns.Situated in a high-traffic area, the property benefits from excellent visibility and accessibility, ensuring a solid customer base for the commercial space and attracting potential residents for future apartments. With the current zoning, there is potential for further development, including the possibility of adding more residential units, which can significantly enhance the property's value. This property represents a unique opportunity for savvy investors looking to capitalize on the growing demand for mixed-use developments in Hyannis. Don't miss your chance to invest in a property with exciting growth potential. A reliable long-term commercial tenant is in place currently paying $3,200 per month.

Details

MLS#: 22503310
Price: $1,150,000

Style: Mixed Use
Sq Ft: 4323
Year Built: 1890

County: Barnstable
Tax Fee: 5033

School District: Barnstable