206 Adams Rd Williamstown, MA 01267
- Hotels
- 32,702 SF
- 2.72 lot acres
Current Use by Public Records
- Hotels
Property Details for 206 Adams Rd
- Year built
- 1985
- Lot size
- 2.72 lot acres
- Property size
- 32,702 SF
- Zone code
- PB
- Property type
- Hotels
- APN
- WILL M:121.0 B:0109
- APU
- WILLM1210B0109
Description
This exceptional restaurant opportunity is located at 206 Adams Rd, Williamstown, MA, situated on a 2.72-acre lot and boasting a total building size of 32,702 square feet. The property is zoned Commercial-PB and enjoys convenient access to Main Street. Currently, a build-to-suit restaurant space of 10,000 square feet is available within a 49-unit boutique hotel undergoing renovations by the owner. This presents a unique chance to establish a thriving restaurant business in a high-demand location. The space includes a thoughtfully designed layout featuring a bar/lounge area complete with a fireplace, an inviting outdoor patio perfect for al fresco dining, a spacious dining room, and a large, fully equipped commercial kitchen. The strategic location within the hotel allows for additional revenue streams through in-room dining services. Furthermore, the property offers the potential for catering and banquet hall events, expanding the business's reach and revenue potential. This is a rare opportunity to create a flagship restaurant in a vibrant and growing community within Berkshire County. The substantial size of the overall building and the ample land provide significant expansion possibilities for a forward-thinking restaurateur. This turnkey opportunity combines a prime location with a build-to-suit arrangement, minimizing initial investment and maximizing potential returns.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,455,000
- 6.5%
- $1,630,000
- 7%
- $1,445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,355,000
- Geo Method
- $1,575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,190,000
- Retail
- $1,385,000
- Mixed-Use
- $1,570,000
- Hospitality
- $1,220,000
- Educational
- $1,230,000
- Residential Income
- $1,475,000
- Energy
- $1,220,000
- Income-Based Land
- $1,385,000
- Food Service
- $1,290,000
Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Berkshire
- State
- Massachusetts
- Longitude
- -73.1905
- Latitude
- 42.7054
- CBSA code
- 38340
- CBSA name
- PITTSFIELD, MA METROPOLITAN STATISTICAL AREA