Shady Glen
7 Avenue A, Montague, MA 01376
For Sale
$399,900
Restaurant equipment and a beer-and-wine license are included with the property.
Property Size1,190 SF
Price / SF$336.05
Days on Market1148
Property Features for 7 Avenue A
General Information
Standard status
Size
Property subtype
Restaurant
Seating Capacity
Patio
Equipment Included
Liquor License
Additional Details
Business Included
Currently Operating
Building Details
Year Built
Listing Agency:
Coldwell Banker Community REALTORS
Listed By:
Don Mailloux
(413) 834-1524
Source:
Cbcommunityrealtors
Added: Sep 18, 2023
Changed: Nov 7
Last Checked: Nov 7 at 4:53AM
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 Coldwell Banker Community REALTORS
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Investment Insights
Based on property information with market context.
Shady Glen is a 1,190-square-foot diner at 7 Avenue A in Montague, Massachusetts. Built in 1957, the restaurant has booth and counter seating indoors, plus outdoor picnic tables. The dining area accommodates 46 patrons, and restaurant equipment and a beer-and-wine license are included.
The diner has operated for more than 60 years. Its zoning is CB, Legal Conforming.
The diner has operated for more than 60 years. Its zoning is CB, Legal Conforming.
Key Highlights
- Seating for 46 patrons
- 1,190 square feet
- CB, Legal Conforming zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,215
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,300
$564.3K
Cap Rate 7%
$403,071
$403.1K
Cap Rate 9%
$313,500
$313.5K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$39.3K $33.00/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$37.6K $31.61/SF
− OpEx
−$9.4K −$7.90/SF
NOI
$28.2K $23.71/SF
Area
Franklin County, MA
Vacancy
4.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,300
Cap Rate 7%
$403,071
Cap Rate 9%
$313,500
Alternative Uses
Best Use
Specialty Retail
$403.1K
$352.7K – $470.3K
NOI $28,215 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$493.5K
$431.8K – $575.7K
NOI $34,542 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Home Improvements & Furnishings 48%
Family Dollar
Shops & Services
4,372 visits/mo
0.3 miles
Aubuchon Hardware
Home Improvements & Furnishings
4,106 visits/mo
0.3 miles
Demographics for 01376, MA
5,324
Population
2,471
Households
2.2
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
1,299
Density / Sq Mi
$57,857
Median Household Income
$39,426
Median Earnings
$1,147
Median Rent
$237,800
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
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Restaurant equipment and a beer-and-wine license are included with the property.
Where is this breakfast & diner located?
The property is located at 7 Avenue A Montague, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Seating for 46 patrons; 1,190 square feet; CB, Legal Conforming zoning
