Mixed Use Property- 4 Retail Spaces, 8 Apartments and a Restaurant! – AMG Realty

Mixed Use Property- 4 Retail Spaces, 8 Apartments and a Restaurant! Hyannis

$800,000
SQUARE FEET
12529

The space

  • Land Size: 0.36
  • 3 Buildings:
  • 4 Retail spaces:
  • 8 Apartments:
  • Restaurant, historically permitted for full liquor and 49 seats (The Eclectic Cafe):
  • Zoning- HVB, Growth Incentive Zone:
  • Town records. "Living area" buildings 12,529 sq. ft.:
  • Town records, "Gross area" buildings 19,338 sq. ft.:
  • Municipal Water and sewer:

Amenities

  • First Floor
  • Fully Occupied
  • Mixed Use
  • Multi-Level
  • Multi-Tenanted
  • Partial Basement
  • Restaurant
  • Retail
  • Second Floor
  • Signage Available
  • Strip Plaza
  • Town Sewer
  • Town Water
  • Visibility
  • Wood Frame

Description

FOR SALE: 606 Main Street and 3 Bacon Terrace. Located on the west end of Main Street, this mixed-use property has incredible potential. Sale includes 8 apartments, a restaurant and 4 retail spaces. Three of the four retail spaces are part of an indoor mall called the “Hyannis Galleria”. The mall features wood floors and lots glass looking in to each store. The fourth store fronts Main Street directly. Parking for the stores is on Main Street.

The restaurant is seasonal and it’s located just to the south-east of the galleria, at the end of a lovely gated walkway. One can also access the restaurant by walking through the mall. The restaurant has historically been permitted for 49 seats, inside and outside combined, and a full seasonal liquor license. The restaurant is available for the new owner to come in, set up, run or lease out as they wish.

The Galleria building and the restaurant are on one lot with an address of 606 Main Street, with five apartments in the rear of the  building. the additional three apartments are in a separate, free-standing,  apartment building with the address of 3 Bacon Terrace. Bacon Terrace is accessed by Sea Street extension and it has parking.

Property is located towards the west end of Main Street, across from Mass Bay Army Navy & the Twisted Tree Cantina. It is two buildings away from Dragon Light restaurant.

The list agent acknowledges that there is some deferred maintenance, and the list price is reflective of this.  All leases are short term. The eight 1-bedroom apartments are always fully rented. Please do not approach the tenants.

Contact the Agent

Ali Maloney

Owner Broker

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