720 Main StBarnstable, MA 02601

Property Details for 720 Main St

Lot size

1.13 AC

Property type

Land

Description

This exceptional 1.13-acre parcel, located at 720 Main Street in Hyannis, Massachusetts, presents a compelling investment opportunity. Priced at $1,600,000, this property boasts dual frontage on Main and North Streets, ensuring high visibility and accessibility. Currently zoned DMS within Barnstable's Growth Incentive Zone, this site is ideally suited for a substantial residential development. Proposed plans envision a modern 39-unit apartment building incorporating a ground-level parking garage, addressing the significant demand for housing in this thriving area. Barnstable's designation as a Gateway City unlocks access to substantial state funding for housing projects, further enhancing the financial viability of this undertaking. The strategic location in the heart of Hyannis, coupled with the proposed building design, promises to attract a diverse range of renters seeking contemporary and convenient living spaces. This is a rare chance to capitalize on the robust Cape Cod real estate market and contribute to the growth of Hyannis. The property's zoning designation and location within a designated growth zone offer significant advantages for developers seeking to create a high-demand residential community. This prime location offers unparalleled access to local amenities and attractions, making it an attractive proposition for potential residents. The proposed 39-unit development is designed to meet the current market demand for modern, convenient housing options. This is a turnkey opportunity for developers seeking a high-return investment in a desirable location.

Location Insight

City

Barnstable

County

Barnstable

State

Massachusetts

Latitude

41.6483

Longitude

-70.2945

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