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    Investment properties

    123 Main St, Ware, MA 01082-1349

    15,840 SF 0.24 ac lot Built 1900
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US38-1518707
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ye & Zheng Ft · 3 yrs held
    Ye & Zheng Ft
    since 2023
    Last sale
    $500,000
    4 recorded transactions
    2023
    $500,000
    1997
    $260,000
    1995
    1994
    Zoning & alternative use
    DTC · Ware, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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