287 Elm St Westfield, MA 01085-1613
- Turn key restaurants
- 2,181 SF
- 0.65 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 287 Elm St
- Year built
- 1960
- Construction
- FRAME
- Lot size
- 0.65 lot acres
- Property size
- 2,181 SF
- Property type
- Turn key restaurants
- APN
- WFLD M:230 L:1
- APU
- WFLDM230L1
Description
This exceptional opportunity presents the acquisition of "The Whip," a well-established bar and restaurant located at 287 N Elm St, Westfield, MA. Established in 2000, this turn-key operation boasts a prime location on Route 202, ensuring phenomenal visibility and easy access to major roadways. The property itself sits on a 0.65-acre lot and includes a comprehensive array of features designed to maximize operational efficiency and customer experience. Recent upgrades include updated bathrooms (2021) and a new roof (2023), demonstrating a commitment to ongoing maintenance and improvement. The interior features a dance floor, DJ booth, and two coin-operated maple pool tables, catering to diverse entertainment needs. Outdoor amenities include an expansive deck equipped with a TV projector and heater, ideal for hosting events and extending the entertainment space. The fully equipped kitchen includes a walk-in food cooler, walk-in freezer, and a walk-in beer cooler. Further enhancing operational capabilities are a state-of-the-art 12-line tap system and an up-to-date sprinkler system. Additional features include an ATM and an iTunes Touch system. This established business, with its loyal customer base, presents a unique investment opportunity with immediate returns and significant potential for future growth. The asking price for this exceptional property and business is $749,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $275,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $240,000
- Mixed-Use
- $280,000
- Hospitality
- $315,000
- Educational
- $285,000
- Residential Income
- $235,000
- Energy
- $235,000
- Income-Based Land
- $270,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.7387
- Latitude
- 42.1371
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA