2 Main St Huntington, MA 01050-9712
- Sports & entertainment properties
- 3,354 SF
- 0.35 lot acres
Aug 30, 2024
Current Use by Public Records
- Sports & entertainment properties
Property Details for 2 Main St
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 3,354 SF
- Property type
- Sports & entertainment properties
- APN
- HUNT M:00H2 B:0034 L:0000
- APU
- HUNTM00H2B0034L0000
Description
This exceptional investment opportunity in Huntington, MA, presents a rare blend of established income and significant upside potential. The property encompasses two buildings on a 0.46-acre lot, zoned C-3. The main building houses a fully leased restaurant, a beloved local establishment, occupying 2,000-5,500 square feet and generating consistent revenue. Above the restaurant are five efficiently designed apartments, currently 80% occupied, providing a supplemental income stream. The second building, with its own deed, offers 2 stories and a dedicated parking lot, presenting a multitude of possibilities for expansion or additional rental income. This mixed-use property boasts seven total units across two buildings, offering a diversified investment portfolio. Located in the heart of Huntington, near the Berkshires, this property benefits from a charming small-town setting with easy access to outdoor recreation. The property's strong existing cash flow, combined with the potential for further development and expansion, makes it an ideal investment for both seasoned investors and those seeking to diversify their portfolio. This is a value-add opportunity with a modified lease structure and multi-tenancy. The property is situated at 2-4 Main St, Huntington, MA 01050. The asking price is $750,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $190,000
- ML approach
- $190,000
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Location Insight
- Map
- Local Demand
- City
- Huntington
- County
- Hampshire
- State
- Massachusetts
- Longitude
- -72.8772
- Latitude
- 42.2353
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA