Property profile

26 Crescent St Ware, MA 01082

FOR SALE
Showrooms
Property ID
US38-1405374
13,874 SF 4.87 ac lot Built 1965
Individually Owned 39-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property located at 26 Crescent Street in Ware, Massachusetts presents a unique investment opportunity. The substantial brick building sits on a generous 4.87-acre lot and offers significant versatility for a variety of commercial uses. The structure features ample office space, complemented by multiple garages providing extensive storage or workshop capabilities. The property is equipped with three-phase power, a significant advantage for many businesses, and the seller has recently upgraded the lighting throughout most areas with new energy-efficient LED fixtures. The building's adaptability makes it suitable for a range of entrepreneurial ventures. Prospective buyers are encouraged to independently verify permitted uses with the Ware Town Departments and review applicable zoning bylaws to ensure alignment with their intended business operations. The property is being offered at $280,000. Given the size of the lot and the building's features, this presents a compelling opportunity for a business seeking a substantial footprint and ample space for growth. The popularity of indoor flea markets in the area should also be considered as a potential use. All interested parties are responsible for conducting their own due diligence to confirm all aspects of the property and its suitability for their intended purpose. The sale price reflects the property's current condition and potential.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1965
Construction FRAME
Total area 13,874 SF
Lot 4.87 ac (212,007 SF)
Zoning code DTR
APN WARE M:00062 B:00000 L:00036
UPID US38-1405374

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

26 Crescent St Ware, MA 01082
Ware metro Census 820101 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$425k

Owner & transaction history

since 1987
1 recorded transaction
1987
$75,000

Zoning & alternative use

DTR · Ware, MA
Zoning description

This district encompasses the high density residential neighborhoods that were developed during the time period when the mills were the major employer of the town, long before Zoning was in place.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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