294 Main StHyannis, MA 02601

Property Details for 294 Main St

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

3,092 SF

Property type

Turn key restaurants

APN

HYAN M:327 L:254

APU

HYANM327L254

Description

This exceptional turn-key restaurant and bar opportunity is located at 294 Main Street in the heart of Hyannis, MA's vibrant Main Street Business Improvement District. The 3,092 square foot property sits on a 0.09-acre lot and boasts a unique retro arcade theme, offering a captivating atmosphere for patrons. With a 99-seat capacity, the establishment features both indoor and outdoor seating areas, perfect for enjoying cocktails and delicious food. The sale includes the land, building, improvements, equipment, and distinctive decor, providing a seamless transition for the new owner. The property's prime location offers easy access to numerous attractions, including Cape Cod Hospital, ferry services to the islands, Barnstable Municipal Airport, and various banking institutions. The Hyannis Main Street Business Improvement District actively promotes the area, ensuring a clean, safe, and enjoyable environment for both residents and tourists. This is a rare chance to acquire a well-established, profitable business in a high-traffic location. The property is easily shown, making it convenient to explore this exciting investment opportunity. Make your restaurant dreams a reality in 2024!

• CAP approach

  CAP return

  Valuation

  6%

  $646,290

  6.5%

  $596,575

  7%

  $553,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $420,161

  Geo Method

  $420,161

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,154,760

  Mixed-Use / Specialty

  $597,930

  Hospitality / Lodging

  $443,214

  Office

  $598,004

  Institutional / Educational

  $622,850

  Residential Income

  $728,735

  Multifamily

  $854,705

  Automotive / Energy

  $533,872

  Parking / Income-Based Land

  $180,793

  Restaurant / Food Service

  $318,418

  Healthcare / Senior Housing

  $609,596

Location Insight

City

Hyannis

County

Barnstable

State

Massachusetts

Latitude

41.6544

Longitude

-70.2811

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].