2350 Mohawk Trl, Unit 2370 North Adams, MA 01247-2937
- Investment properties
- 3.90 lot acres
Current Use by Public Records
- Wigwam Western Summit / Gift Shop / Cafe
- Wigwam Woodlands / Tourist Attraction
Property Details for 2350 Mohawk Trl
- Lot size
- 3.90 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- NADA M:008 B:0000 L:9
- APU
- NADAM008B0000L9
Description
This exceptional mixed-use investment opportunity, located at 2350 Mohawk Trail in North Adams, Massachusetts, presents a unique blend of hospitality and retail businesses. The property, encompassing 3.9 acres, features six buildings with a total of 1,500 square feet, constructed in 1935 and extensively renovated between 2018 and 2023. The property boasts a two-story main lodge and four rustic cabins, each offering unique character and charm. The retail component provides a diverse selection of goods and services, including souvenirs, snacks, food, beer, and wine, capitalizing on the stunning long-range views. The property's location on the historic Mohawk Trail ensures high tourist traffic, while its proximity to 989 acres of protected land with trails further enhances its appeal. The asking price is $1,500,000, translating to $1,000 per square foot. The property is zoned under Use Code 031. Existing vendor lists and goodwill are included in the sale, and the seller is open to negotiating a transition period. This presents a rare chance to acquire a well-established and profitable business with significant growth potential in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,430,000
- 6.5%
- $1,560,000
- 7%
- $1,505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,330,000
- Geo Method
- $1,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,255,000
- Retail
- $1,150,000
- Mixed-Use
- $1,295,000
- Hospitality
- $1,390,000
- Educational
- $1,185,000
- Residential Income
- $1,190,000
- Energy
- $1,470,000
- Income-Based Land
- $1,305,000
- Food Service
- $1,350,000
Location Insight
- Map
- Local Demand
- City
- North Adams
- County
- Berkshire
- State
- Massachusetts
- Longitude
- -73.0661
- Latitude
- 42.6966
- CBSA code
- 38340
- CBSA name
- PITTSFIELD, MA METROPOLITAN STATISTICAL AREA