Versatile Mixed-Use Commercial
396 Main St Agawam, MA 01001
For Sale
$675,000
Pending
Mixed-use property with axe-throwing venue and income potential.
Property Size6,000 SF
Days on Market95
Property Features for 396 Main St
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency:
(413) 786-5047
Listed By:
Patrick S. Nolan
(413) 786-5047
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patrick S. Nolan
Investment Insights
Based on property information with market context.
This commercial property offers a versatile mixed-use layout with income potential. The building, with almost 6000 square feet, is partially built out as an axe-throwing venue. The venue includes dedicated throwing lanes, safety fencing, a reception area, and a seated bar area suitable for events and group bookings. The remaining space provides flexibility for additional commercial use, expansion, or owner occupancy. This property is suited for investors or owner-operators seeking an entertainment, retail, or service-based opportunity. The property offers an adaptable floor plan, existing infrastructure, and potential for continued or alternative use. The property has a bike score of 33, walk score of 35, and transit score of 37.
Key Highlights
- Large 6000 sq ft commercial property with mixed‑use layout.
- Existing axe‑throwing venue with lanes, fencing, reception, and bar.
- Income potential from existing venue and additional space.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $18.00 |
| − Vacancy | −$10.8k | −$1.80 |
| EGI | $97.2k | $16.20 |
| − OpEx | −$36.5k | −$6.07 |
| NOI | $60.8k | $10.13 |
6,000 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.70M
$3.24M – $4.31M
NOI $258,854 @ 7.0% cap · market cap 38.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fini's Plant Farm
Garden Center
Agawam Axe House
Bar & Pub
LovingJars
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with axe-throwing venue and income potential.
Where is this mixed-use property located?
The property is located at 396 Main St Agawam, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Large 6000 sq ft commercial property with mixed‑use layout.; Existing axe‑throwing venue with lanes, fencing, reception, and bar.; Income potential from existing venue and additional space.
