26 Crescent StWare, MA 01082

  • Other commercial real estate
  • 13,874 SF
For Sale
$280,000 View listing

Property Details for 26 Crescent St

Year built
1965
Construction
FRAME
Lot size
4.87 AC
Property size (Sq ft)
13,874 SF
Zone code
DTR
Property type
Other commercial real estate
Property subtype
Showrooms
APN
WARE M:00062 B:00000 L:00036
APU
WAREM00062B00000L00036

Description

This exceptional commercial property located at 26 Crescent Street in Ware, Massachusetts presents a unique investment opportunity. The substantial brick building sits on a generous 4.87-acre lot and offers significant versatility for a variety of commercial uses. The structure features ample office space, complemented by multiple garages providing extensive storage or workshop capabilities. The property is equipped with three-phase power, a significant advantage for many businesses, and the seller has recently upgraded the lighting throughout most areas with new energy-efficient LED fixtures. The building's adaptability makes it suitable for a range of entrepreneurial ventures. Prospective buyers are encouraged to independently verify permitted uses with the Ware Town Departments and review applicable zoning bylaws to ensure alignment with their intended business operations. The property is being offered at $280,000. Given the size of the lot and the building's features, this presents a compelling opportunity for a business seeking a substantial footprint and ample space for growth. The popularity of indoor flea markets in the area should also be considered as a potential use. All interested parties are responsible for conducting their own due diligence to confirm all aspects of the property and its suitability for their intended purpose. The sale price reflects the property's current condition and potential.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,371,866
    6.5%
    $3,112,492
    7%
    $2,890,171
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,568,198
    Geo Method
    $4,568,198
  • Alternative Use

    Use
    Valuation
    Residential
    $2,625,504
    Hospitality
    $2,404,947
    Educational
    $2,000,888
    Medical
    $2,069,701
    Retail
    $3,112,492
26 Crescent St, Ware, Massachusetts
Leaflet | © OpenStreetMap contributors

Location Insight

City
Ware
County
Hampshire
State
Massachusetts
Latitude
42.2691
Longitude
-72.2521
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
2023
$7,249
$99,400
$320,600
$420,000
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-
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