Restaurant Building with Commercial
For Sale
Contact for pricing
29 School St, Westfield, MA 01085
Multi-level facility with event areas, cold storage, and restaurant infrastructure in downtown Westfield.
Property Size18,460 SF
Lot Size0.35 Acres
Price / SF$59.59
Days on Market61
Property Features for 29 School St
General Information
Standard status
Active
Size
18,460 SF
Total Parking Spaces
12
Lot size
0.35 Acres
Property subtype
Retail
Zoning
Commercial Office Retail Enterprise
Additional Details
Highway Access
Yes
Amenities
commercial kitchen infrastructure
walk-in cooler and freezer space
multiple event and gathering areas
Building Details
Year Built
1880
Year Renovated
2015
Buildings
1
Stories
3
Listing Agency:
REGION CO
Listed By:
Mitch Bolotin · License #MA 134459
(413) 537-2020
Source:
Crexi
Added: Aug 8
Changed: Oct 6
Last Checked: Oct 7 at 10:00AM
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 REGION CO
Investment Insights
Based on property information with market context.
This multi-level restaurant property contains approximately 18,460 square feet on 0.35 acres. The building includes commercial kitchen infrastructure, a walk-in cooler, freezer space, and several areas configured for events and gatherings. These improvements support restaurant, banquet, and entertainment-related operations.
The property is located in downtown Westfield near local businesses, municipal services, restaurants, neighborhood amenities, and ample shared parking lots. Access to Routes 20 and 202, along with Interstate 90 via the Massachusetts Turnpike, connects the site with the Pioneer Valley and greater Western Massachusetts.
The property is located in downtown Westfield near local businesses, municipal services, restaurants, neighborhood amenities, and ample shared parking lots. Access to Routes 20 and 202, along with Interstate 90 via the Massachusetts Turnpike, connects the site with the Pioneer Valley and greater Western Massachusetts.
Key Highlights
- Approximately 18,460‑square‑foot multi‑level commercial building
- 0.35‑acre property in downtown Westfield
- Commercial kitchen infrastructure with walk‑in cooler and freezer space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,590
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,971,800
$2.0M
Cap Rate 7%
$1,408,429
$1.4M
Cap Rate 9%
$1,095,444
$1.1M
Market Conditions
NOI Build-Up for 18,460 SF
Gross rent
$150.6K $8.16/SF
− Vacancy
−$9.8K −$0.53/SF
EGI
$140.8K $7.63/SF
− OpEx
−$42.3K −$2.29/SF
NOI
$98.6K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,971,800
Cap Rate 7%
$1,408,429
Cap Rate 9%
$1,095,444
Alternative Uses
Best Use
Specialty Retail
$3.41M
$2.98M – $3.98M
NOI $238,743 @ 7.0% cap · market cap 21.70%
Second Best
Industrial
$1.41M
$1.23M – $1.64M
NOI $98,590 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$11.38M
$9.96M – $13.27M
NOI $796,409 @ 7.0% cap · market cap 72.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 30%
Groceries 22%
Home Improvements & Furnishings 5%
Stop & Shop
Groceries
26,713 visits/mo
0.3 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
0.3 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
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-level facility with event areas, cold storage, and restaurant infrastructure in downtown Westfield.
Where is this conventional restaurant located?
The property is located at 29 School St Westfield, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 18,460‑square‑foot multi‑level commercial building; 0.35‑acre property in downtown Westfield; Commercial kitchen infrastructure with walk‑in cooler and freezer space
