287 Elm St Westfield, MA 01085-1613
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.