541 Main Street Barnstable MA 02601 | MLS 21908558

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Everyone knows this intriguing parcel right in the center of Main Street because of the carousel that was recently situated on the site. While the horses are gone, the arcade is still here, along with a number of other businesses, some seasonal, that lease space here. The current owners have very much enjoyed running the arcade and carousel over the past few years, but have decided that their interests are moving in another direction. This is a great opportunity for either improving the current rents and buildings to increase the income, or for someone to build new with a possibility of apartments and commercial space. Hyannis Village Business Zone allows many uses – please check with the town. In addition, this property is in the Federal Opportunity Zone, creating some advantageous tax credits for qualifying transactions. There is major upside here, and the owners are willing to consider creative financing such as a Lease/Purchase or partial owner financing for a qualified buyer. Call for details.

Property Details

Price:
$1,195,000
MLS #:
21908558
Status:
Active
Address:
541 Main Street
Type:
Commercial
City:
Barnstable
Listed Date:
Dec 19, 2019 (284 days)
State:
MA
Square Ft (approx):
6,757
ZIP:
02601
Lot Size:
23,522 sqft / 0.54 acres (approx)
Year Built:
1960

Schools

School District:
Barnstable

Interior

Exterior

Financial

Annual Taxes
$12, 541
Total Assessment
$934, 800

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As a lifelong resident of the outer Cape I was the third generation to pick up the mantel in the family construction business. In my early twenties, I called the Cape my home on weekends as I spent several years working for a variety of off-Cape commercial construction companies. My commercial site supervision resume includes two supermarkets, two HUD projects, a funeral home and a handful of steel industrial buildings as well as various restaurant and office remodels. Prior to striking out on m…

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541 Main Street
Barnstable, MA