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    253 B Pasco Rd Springfield, MA 01151

    For Sale
    Contact for pricing

    Fully operational restaurant established in 2021, ready for new owner.

    Lot size:
    0.55 Acres

    Property Features for 253 B Pasco Rd

    General Information

    Lot size
    0.55 Acres

    Building Details

    Year built
    2021

    Source: Lock and Key Realty Inc. Agent Fallah Razzak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Mediterranean Grill For Sale

    This Mediterranean grill, established in 2021, is available for sale, including all equipment and the business. This is an opportunity to own a fully operational restaurant with everything in place to continue serving customers.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5046
    Latitude
    42.1526

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    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant established in 2021, ready for new owner.
    Where is this restaurant located?
    The property is located at 253 B Pasco Rd Springfield, MA.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - Fully operational Mediterranean grill restaurant for sale; - Includes all equipment and the business; - Established in 2021
    (413) 885-0093
    Request Owner's contact information
    253 B Pasco Rd Springfield, MA 01151
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    Springfield, MA 01151
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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
    253 B Pasco Rd Springfield, MA 01151
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