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    286 West St Gardner, MA 01440

    Sponsored
    For Sale
    $359,750

    Thriving Steam Bath with Apartment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property located at 286 West Street in the heart of Gardner, MA, presents a unique investment opportunity. The property encompasses a total of 2,664 square feet situated on a 0.15-acre corner lot, providing excellent visibility and accessibility. The building includes a fully renovated, 2023-updated, bonus apartment on the first floor, offering a comfortable living space with a kitchen, living room, bedroom, and full bathroom. This provides an added income stream or convenient owner's quarters. The upper level houses the main steam bath business, featuring four luxurious steam rooms, two connected changing rooms, and a relaxing Himalayan salt room. The business boasts a substantial customer base exceeding 3,000 clients and a strong online presence, indicating a well-established and profitable operation. Ten dedicated parking spaces ensure convenient access for clients. Ample storage space is available throughout the building to accommodate all business needs. The asking price for this turnkey operation is $359,750. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable downtown location. Don't miss this chance to own a well-established and profitable enterprise.

    Property Features for 286 West St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Kevin Knight Electrical Electrician Chair City Steam ... Cosmetics Store EZ Steam Club Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.00668
    Latitude
    42.58024

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving Steam Bath with Apartment
    Where is this commercial real estate located?
    The property is located at 286 West St Gardner, MA.
    What is the asking price?
    The asking price for this property is $359,750.
    (978) 250-1900
    Request Owner's contact information
    286 West St Gardner, MA 01440
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    Gardner, MA 01440
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    286 West St Gardner, MA 01440
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