First-Floor Restaurant
205 Elm St, Westfield, MA 01085
For Sale
Contact for pricing
First-floor space with existing restaurant infrastructure and mixed-use zoning for food-service or other commercial concepts.
Property Size1,798 SF
Price / SF$1.11
Days on Market226
Property Features for 205 Elm St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Naples Realty Group
(413) 650-1314
Listed By:
Maritza Zavala
(413) 209-4648
Source:
Churchillprop
Added: Mar 30
Changed: Nov 3
Last Checked: Nov 10 at 6:48AM
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 Naples Realty Group
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Investment Insights
Based on property information with market context.
This 1,798-square-foot, first-floor commercial space previously operated as a restaurant and retains infrastructure associated with food-service use. The layout can also accommodate other business concepts identified for the property, including café, takeout, retail storefront, office, or creative uses. Tenant improvements are under consideration by the landlord, allowing the interior to be adapted to a specific operating concept.
The property is located at 205 Elm St in Westfield, Massachusetts, within a mixed-use zoning designation. Constructed in 1887, the building offers an existing commercial setting with a configuration suited to repositioning for restaurant or broader storefront use.
The property is located at 205 Elm St in Westfield, Massachusetts, within a mixed-use zoning designation. Constructed in 1887, the building offers an existing commercial setting with a configuration suited to repositioning for restaurant or broader storefront use.
Key Highlights
- 1,798 SF of first‑floor commercial space
- Existing infrastructure associated with prior restaurant use
- Mixed‑use zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,254
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,080
$465.1K
Cap Rate 7%
$332,200
$332.2K
Cap Rate 9%
$258,378
$258.4K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$31.0K $17.24/SF
− OpEx
−$7.8K −$4.31/SF
NOI
$23.3K $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%
$465,080
Cap Rate 7%
$332,200
Cap Rate 9%
$258,378
Alternative Uses
Best Use
Retail
$422.0K
$369.3K – $492.4K
NOI $29,542 @ 7.0% cap
Second Best
Specialty Retail
$332.2K
$290.7K – $387.6K
NOI $23,254 @ 7.0% cap
Theoretical Best
Office A
$1.11M
$969.6K – $1.29M
NOI $77,570 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
126k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 32%
Groceries 21%
Home Improvements & Furnishings 5%
Stop & Shop
Groceries
26,713 visits/mo
0.4 miles
Dunkin' Donuts
Dining
16,478 visits/mo
0.4 miles
Burger King
Dining
15,876 visits/mo
0.3 miles
Mobil
Shops & Services
10,541 visits/mo
0.0 miles
Cumberland Farms
Shops & Services
8,480 visits/mo
0.3 miles
Demographics for 01085, MA
41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
696
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Hampden County, MA
Properties on Market for Conventional restaurants in Hampden County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - First-floor space with existing restaurant infrastructure and mixed-use zoning for food-service or other commercial concepts.
Where is this conventional restaurant located?
The property is located at 205 Elm St Westfield, MA.
What are key features of this property?
This property features: 1,798 SF of first‑floor commercial space; Existing infrastructure associated with prior restaurant use; Mixed‑use zoning designation
