16 Holland Rd Wales, MA 01081
- Turn key restaurants
- 2,800 SF
- 9.70 lot acres
Current Use by Public Records
- Wales Irish Pub / Restaurant / Bar & Grill
- ATM / Atm
Property Details for 16 Holland Rd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 9.70 lot acres
- Property size
- 2,800 SF
- Property type
- Turn key restaurants
- APN
- WALE M:1000 B:1770 L:0016-0
- APU
- WALEM1000B1770L00160
Description
This iconic Wales, MA establishment, the Wales Irish Pub, presents a unique investment opportunity. Boasting decades of loyal patronage, this thriving business includes ample indoor seating at the bar and tables, a dedicated bandstand and dance floor, a fully equipped kitchen, substantial walk-in coolers, and extensive storage areas. Upstairs, three spacious offices provide administrative space, complemented by a comfortable seating area and a partially finished bathroom with rough plumbing. Outdoor entertainment is equally impressive. A large deck extends the pub's capacity, featuring additional seating and a second bar, along with more storage. The expansive backyard is a true entertainment hub, showcasing a brand-new bandstand, a large, potentially enclosed pavilion with its own bar, a massive pizza oven, additional storage, and a projection screen. A grassy area with a built-in fire pit and ample space for games completes the outdoor amenities. This exceptional property sits on a generous 9-acre lot. Significant upgrades within the last two years include a new septic system, updated electrical and plumbing systems, enhancing both functionality and efficiency. This turnkey operation offers immediate income potential and significant growth opportunities. The property's size and versatile layout provide ample room for expansion and diversification. This is a rare chance to acquire a well-established, community-loved business with substantial land and significant recent improvements.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $240,000
- ML approach
- $200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $386,000
- AI Estimate
- $305,000
Market price range: $122k - $697kMarket price range: $173k - $457k
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Location Insight
- Map
- Local Demand
- City
- Wales
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.1999
- Latitude
- 42.0775
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA