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    OFF-MARKET
    Turn key restaurants

    16 Holland Rd, Wales, MA 01081-9618

    2,800 SF 9.7 ac lot Built 1950
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US38-0268724
    Property summary
    AI-generated overview

    This iconic Wales, MA establishment, the Wales Irish Pub, presents a unique investment opportunity. Boasting decades of loyal patronage, this thriving business includes ample indoor seating at the bar and tables, a dedicated bandstand and dance floor, a fully equipped kitchen, substantial walk-in coolers, and extensive storage areas. Upstairs, three spacious offices provide administrative space, complemented by a comfortable seating area and a partially finished bathroom with rough plumbing. Outdoor entertainment is equally impressive. A large deck extends the pub's capacity, featuring additional seating and a second bar, along with more storage. The expansive backyard is a true entertainment hub, showcasing a brand-new bandstand, a large, potentially enclosed pavilion with its own bar, a massive pizza oven, additional storage, and a projection screen. A grassy area with a built-in fire pit and ample space for games completes the outdoor amenities. This exceptional property sits on a generous 9-acre lot. Significant upgrades within the last two years include a new septic system, updated electrical and plumbing systems, enhancing both functionality and efficiency. This turnkey operation offers immediate income potential and significant growth opportunities. The property's size and versatile layout provide ample room for expansion and diversification. This is a rare chance to acquire a well-established, community-loved business with substantial land and significant recent improvements.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Construction FRAME
    Total area 2,800 SF
    Lot 9.7 ac (422,532 SF)
    APN WALE M:1000 B:1770 L:0016-0
    UPID US38-0268724
    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
    Current use
    Occupant on record · Public records
    • Wales Irish Pub Restaurant
    • ATM Atm
    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
    C&k Holland LLC · 4 yrs held
    C&k Holland LLC
    since 2022
    Last sale
    $225,000
    6 recorded transactions
    2022
    2022
    $225,000
    2010
    $288,000
    2005
    $300,000
    1990
    $210,000
    1987
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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