15 Washington StBarnstable, MA 02601

Property Details for 15 Washington St

Lot size

0.24 AC

Zone code

U

Property type

Retail properties

Property subtype

Parking lots & garages

APN

HYAN M:309 L:197

APU

HYANM309L197

Description

This exceptional 0.78-acre multi-lot development opportunity in Barnstable, Massachusetts, presents a unique chance to create a thriving mixed-use project in the heart of Downtown Hyannis. Located at 15 Washington St, 02601, this property offers four lots zoned for Downtown Village use, allowing for a diverse range of development possibilities. The site's potential includes the construction of 30+ apartments, capitalizing on the high demand for residential units in this vibrant area. A key feature is the existing building at 40 North Street, suitable for mixed-use development with commercial space on the ground floor and residential units above. Furthermore, all necessary paperwork for the demolition of two buildings at 23 Washington Street is complete, paving the way for seamless redevelopment. This streamlined process significantly reduces development hurdles and accelerates project timelines. The asking price for this exceptional opportunity is $2,400,000. Detailed plans, permits, and comprehensive development documents are available upon request. This is an unparalleled chance to build a landmark project in a highly desirable location, combining residential and commercial spaces to create a dynamic and profitable investment. The property's central location in Downtown Hyannis ensures high visibility and easy access to amenities, making it an attractive proposition for both residents and businesses. Don't miss this chance to shape the future of Hyannis.

• CAP approach

  CAP return

  Valuation

  6%

  $2,840,982

  6.5%

  $2,622,445

  7%

  $2,435,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,442,118

  Geo Method

  $3,442,118

• Alternative Use

  Use

  Valuation

  Residential

  $2,212,130

  Hospitality

  $2,026,300

  Educational

  $1,685,857

  Medical

  $1,743,837

  Retail

  $2,622,445

Location Insight

City

Hyannis

County

Barnstable

State

Massachusetts

Latitude

41.6543

Longitude

-70.2845

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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