Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

287 Elm St Westfield, MA 01085-1613

  • Turn key restaurants
  • 2,181 SF
  • 0.65 lot acres
OFF-MARKET
Value Estimation
$250,000
Last Sale
Aug 08, 2023
$280,000
Location Intelligence
Property ID
US38-1352289
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,060
$74,400
$150,500
$224,900
-
$0.00
$0.00
$0.00
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message