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    60 South St Ware, MA 01082

    For Lease
    $8 SF/Yr ($11,037 /Mo)

    Former elementary school; ideal for redevelopment.

    Lot size:
    16,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 16,556-square-foot special purpose property, a former elementary school located in Ware, presents a unique investment opportunity. The single-tenant building offers a versatile layout, previously configured as a school with nine classrooms, providing ample space for various uses. Administrative areas include a principal's office, nurse's room, and a teachers' lounge, offering pre-existing infrastructure for potential adaptive reuse. Hallways feature built-in lockers, adding to the functionality of the space. The property includes a significant amenity with 60 on-site parking spaces, convenient for staff and patrons. It's important to note that the property is subject to a deed restriction that runs with the land; interested parties should review this restriction as part of their due diligence. The building's substantial size and existing infrastructure make it suitable for a range of potential uses, from educational to commercial or community-based ventures. This presents a rare chance to acquire a well-located property with significant potential for redevelopment or repurposing. The property's history as a school provides a solid foundation for a variety of future applications. Further investigation into the deed restriction is recommended to fully understand its implications. The ample parking is a significant advantage, particularly for businesses requiring convenient access for employees or clients.

    Property Features for 60 South St

    General Information

    Property type
    Schools
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,556 SF
    Total Rate
    11037.33

    Unit(s) available at that property

    Space
    Size
    16,556 SF
    Rate per SF
    $8

    HighLights

    • Special Purpose Property: 16,556 square foot building available for lease.
    • Single‑tenant occupancy.
    • Former elementary school with 9 classrooms, administrative offices, and ample parking (60 spaces).
    • Subject to deed restriction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ware
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.2397434
    Latitude
    42.2561313

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    FAQs

    What type of property is this?
    School - Former elementary school; ideal for redevelopment.
    Where is this school located?
    The property is located at 60 South St Ware, MA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Special Purpose Property: 16,556 square foot building available for lease.; Single-tenant occupancy.; Former elementary school with 9 classrooms, administrative offices, and ample parking (60 spaces).
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    60 South 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
    60 South St Ware, MA 01082
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