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    OFF-MARKET
    Specialty properties

    2 Columbia St, Adams, MA 01220

    6,147 SF 2.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional offering presents a unique investment opportunity in Adams, Massachusetts. The property encompasses two buildings situated on a generous 2.8-acre lot conveniently located on Route 8 at 2 Columbia Street. The main structure is a substantial church building, boasting approximately 10,517 square feet of space, ideal for a variety of adaptive reuse purposes. Complementing the church is a three-story residential building, offering approximately 6,147 square feet, along with a 616 square foot garage. This provides significant potential for residential conversion, rental income, or complementary commercial use. The property is zoned R-4, allowing for flexibility in future development plans. The combined square footage of both buildings offers substantial space for a wide range of uses. The property's size and location make it an attractive prospect for developers, investors, or religious organizations seeking a prominent presence in the Adams community. Please note that a deed restriction is associated with the property. This property is priced at $999,000 and presents a rare opportunity to acquire a substantial property in a desirable location. Further due diligence is recommended to fully understand the potential and limitations of the property and the associated deed restriction.

    Property profile
    Verified
    Property type Specialty properties
    Total area 6,147 SF
    Lot 2.8 ac (121,968 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Parish of Pope - Food Distribution Center Food Bank Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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