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40 North St - Multi Lot Development Opportunity

0.17 - 0.24 Acre Commercial Land Lots Offered at $2,400,000 Per Lot in Hyannis, MA 02601

Commercial Land Massachusetts Hyannis 40 North St, Hyannis, MA 02601

Investment Highlights

  • Walking distance to Main Street Hyannis
  • Town sewer/water
  • Numerous public parking lots nearby
  • Generous Zoning

Executive Summary

Located in Downtown Hyannis, this four lot development opportunity is being offered For Sale. The 0.78 acres provide the space needed for 30+ apartments. The front building on 40 North can accommodate commercial use on the first floor and residential on the second. Paperwork is in hand for the demolition of two buildings on 23 Washington to allow for the redevelopment of the lots. For plans, permits, and other development documents, give our office a call.

Property Facts

Price $2,400,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Apartment Units
Sale Conditions Redevelopment Project Total Lot Size 0.78 AC
No. Lots 4 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $2,400,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 4
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Apartment Units
Total Lot Size 0.78 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

4 Lots Available

Lot 40 North

Price $2,400,000 Lot Size 0.17 AC
Price Per AC $14,117,647.06
Price $2,400,000
Price Per AC $14,117,647.06
Lot Size 0.17 AC

Large commercial office building. First floor can continue office use with second floor being converted into multiple apartments.

Lot 15 Wash.

Lot Size 0.24 AC
Lot Size 0.24 AC

Parking lot

Lot 23 Wash.

Lot Size 0.19 AC
Lot Size 0.19 AC

Lot with two residential units currently. Buildings approved for demolition with permits required. Plans for redevelopment in progress.

Lot 35 Wash.

Lot Size 0.18 AC
Lot Size 0.18 AC

Land with plans for redevelopment in progress.

Description

Four Lots on the corner of North Street and Washington Street.

Links

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Walker's Paradise (94)
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PROPERTY TAXES

Parcel Number HYAN-000309-000000-000197 Improvements Assessment $15,600
Land Assessment $187,900 Total Assessment $203,500

PROPERTY TAXES

Parcel Number
HYAN-000309-000000-000197
Land Assessment
$187,900
Improvements Assessment
$15,600
Total Assessment
$203,500

zoning

Zoning Code Downtown Village
Downtown Village
(508) 364-8879

Contact

  • Listing ID: 32707055

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 40 North St, Hyannis, MA 02601

The Land Property at 40 North St, Hyannis, MA 02601 is currently available for sale. Contact Carey Commercial, Inc. for more information.

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40 North St - Multi Lot Development Opportunity
(508) 364-8879 x

40 North St - Multi Lot Development Opportunity

Chuck Carey

(508) 364-8879

(508) 364-8879

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