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11 Main St Erving, MA 01344-9717

OFF-MARKET Retail space Google Maps
3,472 SF 0.67 ac lot Built 1873
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US38-1129202

Property summary

AI-generated overview

This exceptional commercial property boasts a prime location on Route 2 in Erving, MA, with over 11,000 vehicles passing daily. The 0.67-acre lot features 200 feet of frontage, ensuring high visibility. The main building, a sturdy 112x30 timber frame structure, offers over 3,400 square feet of ground floor space, currently utilized as a successful antique/collectible shop and cafe. A large 115x10 covered porch provides ample space for customers. The cafe, previously featured in America's Test Kitchen, includes a fully functional commercial kitchen. A second-floor space presents potential for conversion to residential or additional commercial use. A separate 30x12 building with a 30x6 covered porch, currently used for statuary display, offers additional space and versatility. The property includes plentiful parking. The seller will include most retail stock and kitchen equipment at no additional cost, providing a turnkey opportunity for a new owner. This is an unparalleled business opportunity in a low-tax area, ideal for a variety of commercial ventures. The high traffic count and prominent location make this property a truly exceptional investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1873
Construction FRAME
Total area 3,472 SF
Lot 0.67 ac (29,272 SF)
Zoning code CV
APN ERVI M:006 B:004 L:061
UPID US38-1129202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store (Bike/Boat/Book/etc) Store
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2018
5 recorded transactions
2020
Price N/A
2018
Price N/A
2005
$1
2004
Price N/A
1969
Price N/A

Zoning & alternative use

CV · Erving, MA
Zoning description

lanning Board. BA - The use may be permitted if a special permit is granted by the Zoning Board of Appeals. SB - The use may be permitted if a special permit is granted by the Select Board. USE A. RESIDENTIAL USES RR VR…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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