181 W State Street Granby, MA 01033
Restaurant-focused mixed-use asset with on-site apartment and studio units plus patio seating and 23 parking spaces.
- Added:
- Jul 3, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 4 at 3:37 am
Property Features for 181 W State Street
General Information
- Standard status
- Active
- Size
- 4,315 SF
- Lot size
- 1.87 Acres
Building Details
- Year Built
- 1900
Listing office Berkshire Hathaway HomeServices Realty Professionals
Listing date Jul 3, 2026
Source 413realestate
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All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
Located on high-visibility Route 202 in Granby, the site is designed for straightforward customer access with 23 parking spaces. The property is described as surrounded by other businesses and benefits from mixed-use zoning intended to support continued restaurant operations.
For buyers and operators, the combination of an operating restaurant with two residential units can be appealing for those seeking a mixed-use setup that supports both daily foodservice activity and ongoing rental housing. The restaurant is presented as fully functional, and the presence of patio seating provides an outdoor option that can be used seasonally.
Key Highlights
- 4,315 SF mixed‑use property on 1.87 acres in Granby with restaurant space plus residential rental units
- Fully operational 2,027 SF restaurant (currently open 5 days/week for breakfast and lunch) with exterior patio seating
- 1,847 SF residential apartment and a detached 464 SF studio‑style residential unit for additional rental income
Local Financial Insights For Apartment 5plus
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 | $108.7k | $25.20 |
| − Vacancy | −$5.1k | −$1.18 |
| EGI | $103.6k | $24.02 |
| − OpEx | −$46.6k | −$10.81 |
| NOI | $57.0k | $13.21 |
