Turn-Key Bar and
287 N Elm Street Westfield, MA 01085
287 N Elm Street, Westfield, MA, 01085
$700,000
For Sale
$700,000
Turn-key bar and restaurant package with full kitchen, draft beer system, and large outdoor deck.
Property Size2,181 SF
Price / SF$320.95
Days on Market92
Property Features for 287 N Elm Street
General Information
- Standard status
- Active
- Size
- 2,181 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
Pioneer CRE
(413) 459-0570
Listed by
Paul Bongiorni · License #REB.0793882
Source
Gregoryhaughton
Added: Apr 21 Updated: Jul 21 at 4:34AM Checked: Jul 21 at 4:34AM
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 Pioneer CRE
Investment Insights
Based on property information with market context.
Turn-key business and real estate package known as The Whip, offered with both property and operating assets. The property includes a full-service commercial kitchen with a pizza oven, walk-in food cooler, walk-in beer cooler, and walk-in freezer. Service and beverage features include a 12-line draft tap system, pool tables, and an on-site ATM.
The property has prominent frontage on US Rt. 202, located about 2 minutes from I-90. It is minutes from Westfield State University and is surrounded by various manufacturers.
Exterior amenities include a large outdoor deck equipped with heaters, televisions, and a projector. The operation has been continuously in service since 2000 and is presented with an established name and loyal customer base.
The property has prominent frontage on US Rt. 202, located about 2 minutes from I-90. It is minutes from Westfield State University and is surrounded by various manufacturers.
Exterior amenities include a large outdoor deck equipped with heaters, televisions, and a projector. The operation has been continuously in service since 2000 and is presented with an established name and loyal customer base.
Key Highlights
- Bar and restaurant has operated continuously since 2000 and is offered as a turn‑key business and real estate package
- Prominent frontage on US Rt. 202, about 2 minutes from I‑90
- Full‑service commercial kitchen with pizza oven plus walk‑in food cooler, walk‑in beer cooler, and walk‑in freezer
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 | $39.3k | $18.00 |
| − Vacancy | −$1.6k | −$0.76 |
| EGI | $37.6k | $17.24 |
| − OpEx | −$9.4k | −$4.31 |
| NOI | $28.2k | $12.93 |
2,181 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$403.0K
$352.6K – $470.1K
NOI $28,207 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,094 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- The Whip — 287 N Elm St, Westfield, MA 01085
- The PAHK — 285 elm st, westfield, ma 01085
- Gabes 252 — 252 Elm St, Westfield, MA 01085
FAQs
What type of property is this?
Bar & Pub - Turn-key bar and restaurant package with full kitchen, draft beer system, and large outdoor deck.
Where is this bar & pub located?
The property is located at 287 N Elm Street Westfield, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Bar and restaurant has operated continuously since 2000 and is offered as a turn‑key business and real estate package; Prominent frontage on US Rt. 202, about 2 minutes from I‑90; Full‑service commercial kitchen with pizza oven plus walk‑in food cooler, walk‑in beer cooler, and walk‑in freezer
