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    Property profile & analytics
    OFF-MARKET Estimated value $785,000
    Manufacturing properties

    6 Main St, Ware, MA 01082-1355

    66,300 SF 1.53 ac lot Built 1918
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US38-1894650
    Property summary
    AI-generated overview

    This exceptional 1.1 million dollar property presents a unique investment opportunity in Ware, MA. Situated on a sizable 1.53-acre lot at 6 East Main Street, this substantial three-story mill building is the largest in town, boasting a prominent location in the Millyard Historic District on busy Route 32. The building offers a versatile blend of warehouse, manufacturing, and office space, making it suitable for a variety of commercial uses. The property includes ample parking. The current owner-occupant is in the process of vacating, providing immediate access for the new owner. Recent renovations and improvements have been undertaken, enhancing the property's value and functionality. Its location within an Opportunity Zone offers significant tax advantages. Conveniently located just nine miles from the Palmer Mass Pike interchange and a short 30-minute drive to UMASS Amherst, this property benefits from excellent accessibility and proximity to regional amenities and a major university. The MY (Mill Yard) zoning designation allows for a diverse range of uses, including high-density multi-family residential, commercial, institutional, and light industrial applications, as outlined in the town's bylaw. This presents a rare chance to acquire a landmark property with substantial redevelopment potential in a thriving community. The building's size and location offer significant upside for a forward-thinking investor or developer.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1918
    Construction FRAME
    Total area 66,300 SF
    Lot 1.53 ac (66,647 SF)
    Zoning code MY
    APN WARE M:00057 B:00000 L:00112
    UPID US38-1894650
    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
    Current use
    Occupant on record · Public records
    • G&G Medical Products LLC. Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $785k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $785k
    Blend (final) Blend
    $785k
    Owner & transaction history
    G & G Medical Products LLC · 10 yrs held
    G & G Medical Products LLC
    since 2015
    5 recorded transactions
    2015
    $75,000
    2007
    2002
    1993
    $160,000
    1993
    Zoning & alternative use
    MY · Ware, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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