35 State Rd Phillipston, MA 01331-9308
Property profile & analytics
35 State Rd Phillipston, MA 01331-9308
- Commercial real estate
- 4.68 lot acres
Property ID
US38-0541872
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.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 35 State Rd
- Lot size
- 4.68 lot acres
- Zone code
- B
- Property type
- Commercial real estate
- APN
- PHIL M:00033 L:00046
- APU
- PHILM00033L00046
Description
This exceptional hospitality investment opportunity presents a well-established restaurant and motel in Phillipston, Massachusetts. The property, built in 1950 and extensively renovated in 2022, encompasses 5 acres and features three buildings with a total of 5,000 square feet. The motel boasts 12 modern guest rooms, each equipped with wall-to-wall carpeting, cable TV, and air conditioning. A mix of queen and double beds are available, along with cots. All rooms are non-smoking and include daily maid service, offering affordable daily, weekly, and monthly rates. The adjacent restaurant serves traditional American cuisine, specializing in chicken, veal, beef, and Italian dishes. It also features a cozy lounge with a 12-tap microbrew selection, a full bar, and live entertainment on Friday and Saturday nights. The restaurant has a successful banquet business and caters to groups of 10 to 100. Ample parking is available, accommodating even tractor-trailer trucks. The property's location on Route 2 provides convenient access and significant potential for future expansion. The asking price is $1,525,000, with a Net Operating Income (NOI) of $184,203 and a 12.08% cap rate. The property is zoned commercial and offers significant potential for increased revenue with hands-on management and targeted marketing. This turnkey operation includes stable management and staff, ensuring business continuity. Seller financing may be considered for qualified buyers.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Phillipston
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.1313
- Latitude
- 42.5691
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT 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
$8,651
$107,900
$614,200
$722,100
-
$0.00
$0.00
$0.00
