248 Main St, Gilbertville, MA
Turnkey restaurant sale with existing contents and recent building upgrades for convenient continued operation.
- Added:
- May 11, 2026
- Days on Market:
- 42
- Last Refresh:
- Jun 17 at 2:09 am
Property Features for 248 Main St
General Information
- Standard status
- Active
- Size
- 1,040 SF
Listing agent Dorrinda O'Keefe Shea License #453011216 (978) 434-1990
Listing office Century 21 North East (978) 434-1990
Listing date May 11, 2026
Source Exprealty
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 Century 21 North East
HighLights
- Landmark “Whistle Stop” railroad diner restaurant in the Gilbertville section of Hardwick, including business, contents, and real estate
- Turnkey sale includes well‑established restaurant operations and all contents included
- Recent building improvements: new heating/AC unit, electrical upgrades, and plumbing upgrades
- Handicap‑accessible entrance with Kleeberg metal ramp and railing
- New A. Eagle gutters included
- Ice cream service area on‑site, with immediate room for expansion for a new owner
Overview
The restaurant is located on Main St in the Gilbertville section of Hardwick, Massachusetts. The transaction includes both the operating business and the property, providing continuity for a new owner looking to reopen and operate without relocating equipment or rebuilding.
For the next operator, this structure supports foodservice use with an existing restaurant setup, including an ice cream service area. Please note that the sale does not include a transferable liquor license; a new owner will need to apply for a license through the Town of Hardwick if alcohol service is desired.
Local Financial Insights For Specialty Retail
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 | $31.2k | $30.00 |
| − Vacancy | −$686 | −$0.66 |
| EGI | $30.5k | $29.34 |
| − OpEx | −$7.6k | −$7.34 |
| NOI | $22.9k | $22.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gilbertville
- County
- Hampshire
- State
- Massachusetts
- Longitude
- -72.2008455
- Latitude
- 42.3794045
