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    55 East St Ware, MA 01082

    Sponsored
    For Sale
    $2,300,000

    56,461 SF Flex Space, $2.3M

    Property size:
    56,461 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 56,461-square-foot industrial property in Ware, Massachusetts, presents a compelling value-add opportunity. Situated on a 2.85-acre lot zoned I, this two-story building offers a blend of warehouse and manufacturing space, ideal for owner-occupancy or multi-tenant use. The property features a recently renovated front office area, enhancing its versatility. Access is convenient via a loading dock and drive-in capabilities. Ample parking and outdoor storage space are available. Centrally located on MA Routes 9 and 32, this property enjoys easy access to the Palmer MA Pike interchange and other nearby towns in Hampshire, Hampden, and Worcester Counties. The net rentable area is 43,528 square feet, with an asking price of $2,300,000, resulting in a price per square foot of $40.74. The property's prime location and flexible space make it an attractive investment for a variety of businesses. The address is 55 East St, Ware, MA 01082. This is a single-building property with multiple permitted uses.

    Property Features for 55 East St

    General Information

    Property type
    Distribution properties
    Square Feet
    56,461 SF
    Lot Size
    124,146 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $2,300,000 asking price for a value‑add industrial property.
    • 56,461 total square feet, 43,528 square feet net rentable.
    • $40.74 per square foot.
    • Located at 55 East St, Ware, MA 01082, on 2.85 acres.
    • Features one building, two stories, and one loading dock.
    • Zoned I (Industrial).
    Property Profile Location Intelligence

    Current Use by Public Records

    APR Towing & Recovery Towing Service All Parts Racing-Ware Towing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ware
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.2336956
    Latitude
    42.2589462

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    FAQs

    What type of property is this?
    Distribution property - 56,461 SF Flex Space, $2.3M
    Where is this distribution property located?
    The property is located at 55 East St Ware, MA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for a value-add industrial property.; 56,461 total square feet, 43,528 square feet net rentable.; $40.74 per square foot.
    Request Owner's contact information
    55 East St Ware, MA 01082
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 East St Ware, MA 01082
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