384 Main St, Williamstown, MA 01267
- Retail space
- 8,976 SF
- 1.69 lot acres
Current Use by Public Records
- Retail space
Property Details for 384 Main St
- Year built
- 2008
- Lot size
- 1.69 lot acres
- Zone code
- PB
- Property type
- Retail space
- APN
- WILL M:111.0 B:0030
- APU
- WILLM1110B0030
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 27, 2026 | $1,700,000 | Clayton Family Trust LLC | Whaling Properties LLC | Deed | $275k · Lee Bank |
| Aug 8, 2024 | — | Wailing Properties LLC | — | Deed · related | $100k · Lee Bank |
| Mar 29, 2022 | $1,615,000 | Whaling Properties LLC | Mainwill Associates LLC | Quit Claim Arm's Length For Ne States | $1.1M · Lee Bank |
| Aug 22, 2013 | — | Nainwill Associates LLC | — | Deed Of Trust · related | $1.3M · Hampden Savings Bank |
| Jul 24, 2013 | — | Sandri Realty INC | Mainwill Assoc LLC | Quit Claim Deed · related | — |
| Feb 18, 2009 | — | Mainwill Assoc LLC | — | Deed Of Trust · related | $825k · Hoosac Bank |
| Aug 27, 2007 | $450,000 | Mainwill Assoc LLC | 384 Main Street Nt | One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related | — |
| Feb 3, 2006 | — | 384 Main St. Nt | — | Deed Of Trust · related | $200k · Birch Hollow LLC |
| Nov 9, 2005 | — | 384 Main St. Nt | — | Deed Of Trust · related | $100k · Birch Hollow LLC |
| Nov 1, 2005 | — | 384 Main Street Nt | — | Deed Of Trust · related | $50k · 384 Main Street Nt |
| Jul 27, 2005 | — | 384 Main Street Nt | — | Deed Of Trust · related | $100k · Birch Hollow LLC |
| Jun 25, 2004 | — | 384 Main Street Nt | — | Deed Of Trust · related | $370k · Adams Cooperative Bank |
| Oct 17, 2001 | — | 384 Main St. Nt | — | Deed Of Trust · related | $150k · Adams Cooperative Bank |
| Aug 14, 2001 | $325,000 | 384 Main St. Nt | Madrus Rlty Co | Grant Deed | $260k · Adams Cooperative Bank |
Description
This exceptional Class A retail investment property, located at 384 Main St, Williamstown, MA 01267, presents a compelling opportunity. The 10,736 square foot center boasts two nationally recognized tenants: Dollar General and Subway, operating under strong corporate guarantees. Both tenants recently renewed their leases, demonstrating long-term commitment. The property features 44 parking spaces and underwent extensive renovations in 2024, including a new roof and parking lot, eliminating any deferred maintenance. The current lease terms extend through December 31, 2028, with a remaining term of four years, commencing January 1, 2024. The investment offers a 7.54% cap rate and a substantial net operating income (NOI) of $139,796. Annual rent increases are built into the leases, with Dollar General's increasing by 5% every five years and Subway's increasing by 2.5% annually. The property is offered fee simple and is suitable for a 1031 exchange. Situated in Williamstown, Massachusetts, this property benefits from its location in the heart of the Berkshires and proximity to Williams College, a top liberal arts institution. This multi-tenant retail investment provides a diversified income stream and offers an in-place management option. The property's strong tenant mix, recent renovations, and attractive lease terms make it an ideal addition to any portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,050,000
- ML approach
- $2,155,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,805,000
- 6.5%
- $1,665,000
- 7%
- $1,550,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,919,000
- AI Estimate
- $1,409,000
Market price range: $586k - $1.92MMarket price range: $468k - $1.41M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,290,000 Current use
- RESTAURANT
- $1,755,000 Change: +36% Conversion: Easy
- OFFICE BUILDING
- $1,255,000 Change: -3% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,165,000 Change: -9% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,115,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Berkshire
- State
- Massachusetts
- Longitude
- -73.1883
- Latitude
- 42.7049
- CBSA code
- 38340
- CBSA name
- PITTSFIELD, MA METROPOLITAN STATISTICAL AREA
