Main St Greenfield, MA 01301

Property Details for Main St

Year built

1913

Lot size

0.08 lot acres

Property type

Commercial real estate

Description

This exceptional mixed-use property in Greenfield, MA's vibrant downtown presents a unique investment opportunity. The building boasts two street-level commercial spaces, one of which is a fully operational, 95-seat (expandable to ~130 with outdoor seating) full-service restaurant featuring a liquor license. This restaurant space underwent a complete renovation in 2019, designed by Thomas Douglas Architects. The property also includes ten residential units, comprising three single-room occupancy (SRO) units and seven apartments. Significant infrastructure improvements have been made throughout the building, enhancing both its functionality and value. These upgrades include a new roof installed in 2016, a first-floor sprinkler system complemented by a new six-inch water service line, an improved commercial ventilation system, updated electrical systems, and the replacement of most windows in the residential units. Furthermore, most residential unit kitchens and bathrooms have been updated. The property sits on a 0.08-acre lot on Main Street and is listed at $1,050,000. This presents an ideal opportunity for a restaurant operator seeking a live/work arrangement or for an investor seeking a strong return on investment in a thriving downtown location. The combination of established commercial space and multiple residential units provides a diverse revenue stream and significant potential for future growth.

Location Insight

City

Greenfield

County

Franklin

State

Massachusetts

Longitude

-72.6089

Latitude

42.5872