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    388 Palmer Rd Ware, MA 01082

    For Sale
    $318,000

    Two buildings, high visibility, great investment.

    Property size:
    861 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use investment opportunity encompasses two buildings totaling 2,061 square feet of net rentable space situated on a 2.85-acre lot in Ware, Massachusetts. The property, located on busy Route 32, offers high visibility and convenient access. One building features approximately 1,200 square feet of retail/office space, ideal for a variety of uses. The second building, approximately 861 square feet, is a warehouse equipped with an overhead door and loading dock, providing excellent functionality for storage or distribution needs. The property's zoning is CI, allowing for flexibility in potential uses. Its prime location is a significant advantage, being only a quarter-mile from Gibbs Crossing, a major shopping center anchored by Walmart and Lowe's, ensuring high traffic and visibility. Furthermore, the property enjoys proximity to the Massachusetts Turnpike (5.5 miles) and downtown Ware (2.8 miles), enhancing its accessibility and appeal. Built in 1977, this property presents a value-add opportunity for owner-users or investors seeking a multi-tenant potential. The location also benefits from its proximity to the Ware Mass Central Rail Trail, a growing recreational asset. The asking price for this unique property is $318,000.

    Property Features for 388 Palmer Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    861 SF
    Lot Size
    124,146 SF

    Building Details

    Year Built
    1977
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • High visibility on busy MA Route 32.
    • Minutes from the Mass Pike and downtown Ware.
    • Two buildings offering multi‑tenant potential: 1,200 SF retail/office and 861 SF warehouse with loading dock.
    • 1/4 mile from Gibbs Crossing shopping center (Walmart & Lowe's).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ware
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.2869649
    Latitude
    42.2377108

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    FAQs

    What type of property is this?
    Individual retail property - Two buildings, high visibility, great investment.
    Where is this individual retail property located?
    The property is located at 388 Palmer Rd Ware, MA.
    What is the asking price?
    The asking price for this property is $318,000.
    What are key features of this property?
    This property features: High visibility on busy MA Route 32.; Minutes from the Mass Pike and downtown Ware.; Two buildings offering multi-tenant potential: 1,200 SF retail/office and 861 SF warehouse with loading dock.
    Request Owner's contact information
    388 Palmer Rd Ware, MA 01082
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    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
    388 Palmer Rd Ware, MA 01082
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