Turnkey Convenience Package
524 Union St North Adams, MA 01247
524 Union St, North Adams, MA, 01247
$350,000
For Sale
$350,000
Convenience/package store turnkey sale with transferable lottery and beer/wine licenses.
Property Size1,224 SF
Price / SF$285.95
Days on Market54
Property Features for 524 Union St
General Information
- Standard status
- Active
- Size
- 1,224 SF
Building Details
- Year Built
- 1930
Listing agency
360BERKSHIRE REALTY GROUP
Listed by
CJ Hazell
Source
413realestate
Added: May 29 Updated: Jul 21 at 7:26AM Checked: Jul 21 at 7:26AM
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 360BERKSHIRE REALTY GROUP
Investment Insights
Based on property information with market context.
Turnkey convenience/package store offering a complete operating setup, including fixtures and furniture. The sale includes license-related items noted as transferable, including a lottery license and beer and wine license.
The property is located on Route 2 at the intersection of “5 corners,” per the provided remarks. The owner requests that all showings be scheduled through the listing agent, with 48 hours notice.
As presented, the real estate availability and included licenses are part of the offering, supporting a ready-to-operate transition for a qualified buyer.
The property is located on Route 2 at the intersection of “5 corners,” per the provided remarks. The owner requests that all showings be scheduled through the listing agent, with 48 hours notice.
As presented, the real estate availability and included licenses are part of the offering, supporting a ready-to-operate transition for a qualified buyer.
Key Highlights
- Convenience/package store turnkey sale
- Lottery license transferable
- Beer & wine license included
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 | $26.4k | $21.60 |
| − Vacancy | −$1.1k | −$0.91 |
| EGI | $25.3k | $20.69 |
| − OpEx | −$6.3k | −$5.17 |
| NOI | $19.0k | $15.52 |
1,224 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$271.4K
$237.5K – $316.6K
NOI $18,996 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$211.1K
$184.7K – $246.3K
NOI $14,775 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$358.4K
$313.6K – $418.1K
NOI $25,087 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Convenience/package store turnkey sale with transferable lottery and beer/wine licenses.
Where is this grocery and convenience store located?
The property is located at 524 Union St North Adams, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Convenience/package store turnkey sale; Lottery license transferable; Beer & wine license included
