Property profile

123 Main St Ware, MA 01082

OFF-MARKET
Investment properties
Property ID
US38-1518707
15,840 SF 0.24 ac lot Built 1900
Individually Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property at 123 Main St, Ware, MA, presents a unique investment opportunity. The building boasts a prime downtown location and a rich history as a well-established pizza shop operating for over 25 years. The main floor encompasses a fully equipped restaurant with seating for 24 guests and two fully functional bars. Three 5-ton air conditioning units ensure climate control throughout the space. A substantial walk-in cooler and freezer, measuring 18' x 22', provides ample storage for food and beverage inventory. The basement offers versatile space, currently configured as a music studio, along with additional bathrooms and extensive storage areas. Multiple rental options are available to suit various business needs. The entire first floor, including the restaurant, bars, and basement, is available for $5200 per month plus utilities. Alternatively, approximately 2200 square feet of the first floor (right side of the bar area) can be leased for $3500 per month plus utilities. A third option involves leasing only the restaurant space and the basement for $1800 per month plus utilities. The 0.24-acre lot provides convenient access and visibility. This property is ideal for an established business seeking expansion or a new venture looking for a turnkey operation in a thriving downtown area. The existing infrastructure and equipment offer significant cost savings and immediate operational capabilities.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 15,840 SF
Lot 0.24 ac (10,402 SF)
Zoning code DTC
APN WARE M:00060 B:00000 L:00138
UPID US38-1518707

Cap rate & NOI

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

Location

123 Main St Ware, MA 01082-1349
Ware metro Census 820102 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2023
Last sale
$500,000
4 recorded transactions
2023
$500,000
1997
$260,000
1995
Price N/A
1994
Price N/A

Zoning & alternative use

DTC · Ware, MA
Zoning description

This area of Ware represents what was once the primary commercial center of the town, and although other retail areas have since built up, it remains the true center and exhibits the characteristics of a walkable center…

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 123 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message