33 Bassett LnBarnstable, MA 02601

Property Details for 33 Bassett Ln

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

8,052 SF

Property type

Office properties

Property subtype

Office buildings

APN

HYAN M:308 L:271001

APU

HYANM308L271001

Description

This exceptional investment opportunity presents a two-story, 8,000-square-foot Class B office building located at 33 Bassett Lane in Hyannis, Massachusetts. Situated on a 0.43-acre lot in the heart of downtown Hyannis, this property enjoys a highly desirable location, just steps from Main and North Streets. Built in 1985 and extensively renovated in 2022, the building offers approximately 4,000 square feet per floor, plus a full basement for storage. The property features central air conditioning and gas heating. Ample on-site parking is available, supplemented by a nearby public parking lot. Zoned HVB (Hyannis Village Business) by the Town of Barnstable, this versatile building is suitable for a variety of office uses, including executive, medical, and traditional office spaces. The asking price is $1,999,000, translating to $249.88 per square foot. This presents a strong investment opportunity in a thriving Cape Cod business district with significant growth potential. The property's central location and recent renovations make it an attractive option for both owner-occupiers and investors seeking a high-return asset in a sought-after market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,488,581

  6.5%

  $1,374,074

  7%

  $1,275,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,052,074

  Geo Method

  $1,052,074

• Alternative Use

  Use

  Valuation

  Residential

  $1,703,852

  Hospitality

  $1,560,720

  Educational

  $1,298,500

  Medical

  $1,343,158

  Retail

  $2,019,889

Location Insight

City

Hyannis

County

Barnstable

State

Massachusetts

Latitude

41.651

Longitude

-70.2903

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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