Turnkey Salon
For Sale
$174,900
50 Knowlton St, Gardner, MA 01440
Salon space for sale in central location off Main Street.
Property Size1,081 SF
Price / SF$161.79
Days on Market311
Property Features for 50 Knowlton St
General Information
Standard status
Active
Size
1,081 SF
Building Details
Year Built
1935
Listing Agency:
Real Broker MA, LLC
Listed By:
Jim Black Group
(774) 314-9448
Source:
Lyvrealty
Added: Nov 28, 2025
Changed: Sep 13
Last Checked: Oct 4 at 3:03PM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This property presents a turnkey salon opportunity in a central location just off Main Street. The spacious property features a large open room suitable for welcoming clients and comes fully equipped with salon essentials. A half bathroom is included for guests and staff. A bonus room provides additional storage or workspace, with a new floor installed in June 2025. The location offers both visibility and accessibility. The property may suit other business ventures; reference the town's bylaws for potential uses.
Key Highlights
- Turnkey salon opportunity: Fully equipped and ready for immediate business operation.
- Central location: Situated just off Main Street, offering high visibility and accessibility.
- Spacious open room: Designed to comfortably accommodate clients.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,985
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,700
$319.7K
Cap Rate 7%
$228,357
$228.4K
Cap Rate 9%
$177,611
$177.6K
Market Conditions
NOI Build-Up for 1,081 SF
Gross rent
$23.3K $21.60/SF
− Vacancy
−$514 −$0.48/SF
EGI
$22.8K $21.12/SF
− OpEx
−$6.9K −$6.34/SF
NOI
$16.0K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,700
Cap Rate 7%
$228,357
Cap Rate 9%
$177,611
Alternative Uses
Best Use
Retail
$228.4K
$199.8K – $266.4K
NOI $15,985 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.1K
$323.0K – $430.7K
NOI $25,840 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 32%
Dining 19%
Hannaford
Groceries
27,881 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
18,065 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,495 visits/mo
0.3 miles
Dunkin' Donuts
Dining
7,518 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,603 visits/mo
0.3 miles
Demographics for 01440, MA
21,577
Population
9,600
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
24.5 sq mi
ZIP Area
881
Density / Sq Mi
$63,526
Median Household Income
$43,737
Median Earnings
$1,071
Median Rent
$270,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Salon space for sale in central location off Main Street.
Where is this retail space located?
The property is located at 50 Knowlton St Gardner, MA.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Turnkey salon opportunity: Fully equipped and ready for immediate business operation.; Central location: Situated just off Main Street, offering high visibility and accessibility.; Spacious open room: Designed to comfortably accommodate clients.
