Cape Cod Commercial Real Estate Listings
Real Estate Listings
  agent: Alison A. Maloney
aamaloney@comcast.net

 
Hyannis, MA $2,500,000 Sold

ROUTE 132 INVESTMENT PROPERTY
SOLD BY ALI MALONEY! 29,644 sq.ft. mixed-use building. When fully leased this is a cash cow. Currently, 3,000 sf in the front is rented for retail. The rest of the space has historically been leased for professional offices. Many uses are allowed. Large, common foyer at main entrance provides access to units 3-5 and units 7-12. Unit 6 has its own entrance, as does the retail store in the front (units 1 + 2). Elevator access to second floor. 1,500 sq. ft. on first floor is owner occupied. Three adjoining units on the second floor were just recently vacated and are currently being marketed to new tenants. Currently, with more than 40% of the leasable space vacant, the NOI is $172,398. Once those vacancies are filled, NOI should grow to be $356,861. These leases are gross plus utilities. New owner will have the added option of, over time, converting leases to NNN which, based on current figures, could grow NOI to $462,861. Separate utility systems/ meters for all units. Well maintained building with town water and sewer. Outstanding visibility across from Hyannis Toyota and Whole Foods. Walk to Cape Cod Mall and all shopping. Property consists of two parcels totaling 1.47 acres (1019 Iyannough & 31 Pepper Lane- extra parking lot in rear). Possibility of converting the 9,000sf + to residential apartments.

lot size: 1.47
Living Area: 29644
Year Built: 1982
use / Zoning: Split HB/ B
Heat: Central Air Conditioning, Forced Hot-Air, Electric
Interior Features: Elevator, First Floor, Second Floor, High Speed Internet Available
Exterior Features: Ample Parking, Nicely Landscaped, Easy Access, Signage Available, Visibility
Amenities: Office, Multi-Tenanted, Town Sewer, Free Standing, Town Water, Mixed Use, Wood Frame
View Map
 
Main entrances to lobby/ foyer area to provide access to units 3-5 and units 7-12.
Retail store facing Route 132.
Hyannis Toyota across the street
View out the second floor window to Whole Foods and Ethan Allen.
Large room in second floor unit for lease.
Second floor office space for lease.
Reception area in second floor space.
Kitchen on second floor
Main lobby, first floor.
Main lobby, first floor.
aerial
Alison A. Maloney Alison A. Maloney
(508) 362-3323 - Office
aamaloney@comcast.net

http://www.capecommercialre.com

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Copyrightę 2008 AMG Realty, Ali Maloney Group
1170 Main Street, Rt. 6A, Unit 5 - West Barnstable, MA 02668
Phone: (508) 362-3323   Fax: (508) 362-3324
Email: aamaloney@comcast.net