Restaurant Space in Ludlow,
For Sale
Contact for pricing
1428 Center St, Ludlow, MA 01056
Restaurant space for sale with liquor license and ample parking.
Property Size4,238 SF
Price / SF$330.34
Days on Market1223
Property Features for 1428 Center St
General Information
Standard status
Active
Size
4,238 SF
Class
B
Property subtype
Retail
Building Details
Year Built
1962
Buildings
1
Stories
1
Units
1
Listing Agency:
SR Commercial Realty
Listed By:
Jeremy Casey · License #9585695
(413) 750-8040
Source:
Crexi
Added: Jun 1, 2023
Changed: Oct 4
Last Checked: Oct 4 at 7:43AM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
This restaurant space for sale in Ludlow, MA, offers 4,238 square feet of space. The property includes ample on-site parking for guests and staff. It is equipped with a liquor license. The patio furniture has been recently upgraded. The design flexibility of this property caters to various visions, from an intimate dining setting to a lively event space. The location in Ludlow, MA, benefits from capturing both local and visitor traffic, positioning the establishment as a go-to destination.
Key Highlights
- Spacious 4,238 sq ft restaurant space offers a versatile environment.
- Includes a liquor license.
- Ample on‑site parking for guests and staff.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,810
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,200
$1.1M
Cap Rate 7%
$783,000
$783.0K
Cap Rate 9%
$609,000
$609.0K
Market Conditions
NOI Build-Up for 4,238 SF
Gross rent
$76.3K $18.00/SF
− Vacancy
−$3.2K −$0.76/SF
EGI
$73.1K $17.24/SF
− OpEx
−$18.3K −$4.31/SF
NOI
$54.8K $12.93/SF
Area
Hampden County, MA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,200
Cap Rate 7%
$783,000
Cap Rate 9%
$609,000
Alternative Uses
Best Use
Specialty Retail
$783.0K
$685.1K – $913.5K
NOI $54,810 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,837 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01056, MA
21,002
Population
8,984
Households
2.3
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
772
Density / Sq Mi
$78,981
Median Household Income
$47,449
Median Earnings
$1,250
Median Rent
$303,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space for sale with liquor license and ample parking.
Where is this conventional restaurant located?
The property is located at 1428 Center St Ludlow, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Spacious 4,238 sq ft restaurant space offers a versatile environment.; Includes a liquor license.; Ample on‑site parking for guests and staff.
