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Property profile & analytics
OFF-MARKET
Turn key restaurants

287 Elm St Westfield, MA 01085-1613

2,181 SF 0.65 ac lot Built 1960
Individually Owned 2-yr Hold Free & Clear
Property ID
US38-1352289
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Construction FRAME
Total area 2,181 SF
Lot 0.65 ac (28,170 SF)
APN WFLD M:230 L:1
UPID US38-1352289
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Francis T Tangredi · 2 yrs held
Francis T Tangredi
since 2023
Last sale
$280,000
7 recorded transactions
2023
$280,000
2006
Price N/A
2000
$230,000
1998
$215,000
1995
Price N/A
1990
Price N/A
1990
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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