Main Street Office Building/Investment Property


 The Business Exchange (TBX) has exclusively brokered the sale of the landmark Hyannis property to the operators of the Common Ground Cafe.  Adam Bauer of TBX represented the Sellers First Guardian Realty Trust and Bauer procured the buyers The Common Ground Cafe.   The buyers plan to re-develop the property and operate one of their Cafe concepts at their new location.  Attorney Philip Boudreau of Hyannis represented the Sellers and Attorney  Michael Stusse of West Yarmouth represented the buyers.   Financing was arranged through Mark Sexton of the Bank of Cape Cod.  

Located in the heart of the commercial hub of Cape Cod “The Furman Building” 255 Main St, Hyannis has been a landmark office building for decades.  Formerly a large law office the building has since been used mostly as a private office for the owners.  It features two street level retail units and 11 private offices on the second floor allowing the building to have a number of different uses.

Over 8,000 sq ft of mixed use space lend to numerous uses.  The site falls under the Hyannis Village Business Zone (HVB), this district is designed for multi uses, this building also falls under the GIZ district (Growth Incentive Zone) that grants relief through regulatory bodies for larger projects that would have been previously referred to the Cape Cod commission.

  • Expansive third floor/attic of this building also makes it a prime opportunity for redevelopment or condo conversion.
  • Current Annual Gross Income $34,200
  • 4 commercial tenants in place
  • 18-20 parking spaces
  • Approx 8,040 sqft