Technical
Financial
Distress signals
Property profile

58 Aspen St Ware, MA 01082

OFF-MARKET
Other specialty properties
Property ID
US38-1230973
4,248 SF 0.43 ac lot Built 1965
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

A 4,248-square-foot historic bar and event facility featuring a main bar room and an attached banquet hall. Interior finishes include hardwood flooring, a stage, vaulted hardwood walls and ceilings, and a pool table. The property includes a walk-in freezer and full kitchen facilities with a three-bay sink, and is equipped with a handicap-accessible front entry. There are two ADA-approved main bathrooms serving the main area, and the banquet hall also provides two bathrooms. Exterior amenities include a wooden porch extending from the banquet hall to additional club space, and a rear area with a post-and-beam covered fire pit suitable for gatherings as well as a horseshoe pit area for outdoor seating. The basement contains a main office and storage space that could also support a smaller cook-station setup. The building is located on a dead-end road near downtown, and the configuration supports uses such as bar/restaurant, cafe, brewery/winery, or similar food-and-beverage and event operations.

Property profile

Verified
Property type Other specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1965
Construction FRAME
Total area 4,248 SF
Lot 0.43 ac (18,639 SF)
Zoning code DTR
APN WARE M:00062 B:00000 L:00093
UPID US38-1230973

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Nightclub Music Venue

Location

58 Aspen St Ware, MA 01082-2000
Ware metro Census 820102 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1992
Price N/A

Zoning & alternative use

DTR · Ware, MA
Zoning description

This district encompasses the high density residential neighborhoods that were developed during the time period when the mills were the major employer of the town, long before Zoning was in place.

General category COMMERCIAL

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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