Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DTC · Ware, MAThis 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DTC in Ware, MA.
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