Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1633 Bay St Springfield, MA 01109

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $725,000

    Restaurant for sale with property, business, and liquor license.

    Lot size:
    0.11 Acres

    Property Features for 1633 Bay St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Sara Enman
    Source: Elliman

    Listing Agent: Sara Enman

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

    Learn more

    Overview

    Turnkey Restaurant with Liquor License

    This turnkey restaurant for sale includes the property, business, transferable liquor license, equipment, and furnishings. The restaurant features a unique, partially glass sunroom dining area with natural lighting, suitable for hosting events or private parties, and offers seating for up to 40 people. It also includes a full bar with 8 beer taps. Located near the corner of State and Bay St in a high traffic area, the property presents an opportunity to increase current sales by utilizing the dining room and bar areas. This package offers the essentials for immediate operation in the restaurant industry.
    Location Intelligence

    Current Use by Public Records

    Napoli Pizza Restaurant Pizza Restaurant

    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
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5292233
    Latitude
    42.1295704

    Nearby Similar for Sale

    • $299,900
      4,000 SF

      Historic Tudor with Rental Income

      Charming Tudor with carriage house on picturesque Mulberry Street.
      91-93 Mulberry St, Springfield, MA 01105
      View Details
    • $449,900
      3,312 SF

      Springfield Multi-Family Investment Opportunity

      Three-unit property with upgrades, parking, and potential income.
      12 Prescott St, Springfield, MA 01108
      View Details
    • $185,000
      2,039 SF

      Two-Family Home in Springfield, MA

      Two-unit multifamily home with renovation potential in Springfield, Massachusetts.
      327 Orange St, Springfield, MA 01014
      View Details
    • $425,000
      3,163 SF

      Turnkey Springfield Multifamily Property

      Two-family property with renovated unit, ideal for investors.
      15 Malden St, Springfield, MA 01108
      View Details
    • $409,900
      2,791 SF

      Remodeled Two-Family Home

      Updated two-family home, ideal for investors or owner-occupants.
      25 Malden St, Springfield, MA 01108
      View Details
    • New
      $284,900
      2,720 SF

      Two-Family Property: Investment Opportunity

      Two-unit property near amenities, ideal for investors seeking rental income.
      1045-1047 Worcester St, Springfield, MA 01151
      View Details
    • $349,000
      3,278 SF

      Springfield Multifamily Investment Opportunity

      Two-family home with income potential and expansion possibilities.
      32 Wendell Pl, Springfield, MA 01105
      View Details
    • $279,900
      2,341 SF

      Springfield Multifamily Investment Opportunity

      Income property with remodeled unit and recent upgrades.
      49 Euclid Ave, Springfield, MA 01108
      View Details
    • $379,900
      2,523 SF

      Updated Multifamily Property For Sale

      Recently updated three-family property with tenants in place.
      31 Denton Cir, Springfield, MA 01104
      View Details
    • $420,000
      3,163 SF

      Turn-Key Springfield Multi-Family Property

      Two-family property in Springfield, MA, with long-term tenant and renovated unit.
      15 Malden St, Springfield, MA 01108
      View Details
    • $14,965,000
      74,978 SF

      Hall of Fame Entertainment Complex

      Fitness center and law firm located in Springfield, MA.
      1150 W Columbus Ave, Springfield, MA 01105
      View Details
    • $11,900,000

      Springfield Portfolio: 127 Units

      Three stabilized, cash-flowing properties in Springfield's rental market.
      64 Myrtle St, Springfield, MA 01105
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Restaurant for sale with property, business, and liquor license.
    Where is this turn key restaurant located?
    The property is located at 1633 Bay St Springfield, MA.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Turnkey restaurant for sale including property, business, transferable liquor license, equipment and furnishings.; - **Unique partially glass sunroom dining area with seating for up to 40 people**, perfect for events and private parties.; - **Full bar with 8 beer taps ready to generate income.**
    (413) 306-2997
    Request Owner's contact information
    1633 Bay St Springfield, MA 01109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1633 Bay St
    Springfield, MA 01109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1633 Bay St Springfield, MA 01109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sara Enman
    (413) 306-2997
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.