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Property profile & analytics

16 Holland Rd Wales, MA 01081

  • Turn key restaurants
  • 2,800 SF
  • 9.70 lot acres
For Sale
Last Sale
Jun 16, 2022
$225,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US38-0268724
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $240,000
    ML approach
    $200,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $386,000
    Market price range: $122k - $697k
    AI Estimate
    $305,000
    Market price range: $173k - $457k

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,314
$115,600
$311,900
$427,500
-
$0.00
$0.00
$0.00
More about this property
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