INNOVATE
Real Estate
No photos available for this listing

$775,000

243 South St, Barnstable MA 02601
Barnstable, MA 02601
Listed by Kevin A. Pepe
Bedrooms
N/A
Bathrooms
N/A
Living area
2,766 sqft
Year built
1910

About this home

This fully occupied professional office building delivers stable income with a 7.5% capitalization rate. Anchored by a popular FM radio station with extensive IT infrastructure, the ±2,766 SF property sits on a 0.53-acre parcel in Hyannis’ Downtown (DN) zoning district. The tenant’s long-standing presence provides both financial security and operational stability. Highlights for Investors:Income-Producing Asset: Fully leased with reliable cash flow.7.5% Cap Rate: Competitive return in a high-demand Cape Cod market.Established Occupant: Well-known broadcast station with specialized infrastructure in place.Prime Location: Situated in downtown Hyannis, close to business, healthcare, and municipal hubs.Historic Character, Modernized Functionality: Originally built in 1910, effectively updated in 1984.This offering represents a turnkey, low-management Hyannis investment with a respected tenant and attractive returns in one of Cape Cod’s strongest commercial corridors.

Property details

MLS #
73433263
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.53 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Barnstable Community Innovation School
0.61 mi away · Grades 0-3
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
292
Student:teacher ratio
11.2:1
District
Barnstable
Middle
Barnstable Intermediate School
2.02 mi away · Grades 6-7
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
682
Student:teacher ratio
12.0:1
District
Barnstable
HighCharter
Sturgis Charter Public School
0.12 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
846
Student:teacher ratio
9.4:1
District
Sturgis Charter Public (District)

Mortgage calculator

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Est. monthly payment
$4,817/mo
$155,000 down
$620,000 loan
Principal & interest$4,021
Property tax (est.)$646
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated January 13, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.