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525 Pleasant St Northampton, MA 01060-3936

OFF-MARKET Bowling alleys Google Maps
31,824 SF 2.76 ac lot Built 1960
Trust Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$855k
Range $770k – $941k (±10%)
Property ID US38-1823562

Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established, high-performing bowling center in Northampton, Massachusetts. The property, located at 525 Pleasant Street, boasts a substantial 31,824 square feet of space, encompassing 32 bowling lanes. Built in 1960, the single-story building sits on a generous 2.76-acre lot, providing ample parking for patrons. Its convenient location directly off I-91 offers easy access and high visibility. Beyond the bowling lanes, the property includes a fully operational restaurant, a snack bar, an arcade, a main reception area, and a dedicated league area, catering to a diverse clientele. The property is zoned GB and presents a unique opportunity for continued operation or potential redevelopment. The asking price is $4,450,000, translating to $139.83 per square foot. This established business, situated in the heart of the Five College area near downtown Northampton, offers significant potential for continued success and strong returns. The property's size and amenities make it a compelling investment in a thriving community.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1960
Construction BRICK
Total area 31,824 SF
Lot 2.76 ac (120,226 SF)
Zoning code URC
APN NHAM M:039A B:0037 L:0001
UPID US38-1823562

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$855k

Owner & transaction history

since 2017
7 recorded transactions
2023
Price N/A
2017
$900,000
2017
Price N/A
2001
Price N/A
1997
Price N/A
1990
Price N/A
1969
Price N/A

Zoning & alternative use

URC · Northampton, MA
Zoning description

Short Name Class Rural Residence RR Residential "R" District Suburban Residence SR Residential "R" District Urban Residence A URA Residential "R" District Urban Residence B URB Residential "R" District Urban Residence C…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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