About this home
A downtown Hyannis favorite since 1999! This turnkey Thai and Sushi restaurant is ready for its next chapter as the owner retires 27 years. Business, inventory and equipment are included in the sale; real estate is not included. LOCATION: In the heart of walkable downtown Hyannis. Close to the Hyannis Transportation Center, Main Street shops and restaurants, Hyannis Harbor, and the ferries to Martha’s Vineyard and Nantucket. Restaurant serves a mix of locals and tourists. LICENSES: Full liquor license currently in place (transfer subject to Town of Barnstable and ABCC approval), licensed for breakfast, lunch, dinner and late night service until 1am. The business previously held an entertainment license and keno. THE SPACE: 2,900 sq ft with two separate spaces. Current setup includes two dining rooms, a liquor bar, a bubble tea/sushi bar, a large reception area, and a full kitchen with walk-in refrigerator and walk-in freezer. Seating for 85 inside, including 14 at the bar, plus 25 outdoor seats. 8 parking spaces in the lot. THE OPPORTUNITY: Endless potential! The restaurant stays on one side, while the other side could become a bar/nightclub (subject to town approval), a grocery, or a coffee shop. Keep the established Thai menu and build on it with the bar, sushi, bubble tea, seasonal patio, entertainment, or keno. Zoning for alternative uses is to be confirmed with the Town of Barnstable. LEASE: Rent is $3,500 per month. The lease runs through June 30, 2027, with an option to renew for 5 years at a rate to be negotiated with the landlord. Asking price $300,000. Financials available to qualified buyers with a signed NDA. Showings by appointment only. Please do not disturb staff or customers.
Listing last checked: Listing updated:
Listed by Marissa Amin · Amo Realty - Boston City Properties · MLS #73599934
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building2 property facts
- Style
- Other
- Year built
- 1999
Land & utilities3 property facts
- Lot size
- 8,425 sq ft
- Pool
- Not reported
- Zoning
- DMS
Location
Estimated monthly cost
Explore costs at the $300,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,517 / monthAdjust
- Principal & interest
- $1,517
- Property tax
- Not entered
- Insurance
- Not entered
- HOA
- Not entered
Annual property taxes were not supplied. HOA amount was not supplied.
Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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