Property profile

63 Springfield St 79 Agawam, MA 01001

OFF-MARKET
Super regional malls
Property ID
US38-1538026
62,363 SF 6.99 ac lot Built 1952
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey restaurant and bar opportunity in Agawam, MA, boasts impressive annual sales averaging $3,000,000. The establishment, located at 63 Springfield St, features a stunning custom-built interior with a 52-seat live-edge wood bar, 29 additional live-edge wood tables, and 24 TVs. A spacious private banquet room accommodates 115 guests, complete with its own bar, sound system, and draft lines. The high-volume commercial kitchen is fully equipped with a hood system, Ansul fire suppression, walk-in freezer and refrigerator, and all necessary commercial appliances and prep areas. Ample storage is available with four closets, a secure liquor storage room, and an attached trailer. The upstairs office houses telecommunications equipment, security cameras, and computers. The total seating capacity is 410. The owner's initial investment for build-out, including all equipment and furnishings, was $700,000. Lease terms are transferable. Seller financing is available. This is a rare opportunity to acquire a thriving, established business with significant potential for growth. The property is being offered at $300,000.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1952
Construction STEEL FRAME
Total area 62,363 SF
Lot 6.99 ac (304,701 SF)
Zoning code BA
APN AGAW M:0J15 B:0001 L:1
UPID US38-1538026

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
  • Restaurant

Location

63 Springfield St, Unit 79 Agawam, MA 01001-1505
Agawam metro Census 813207 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$925k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.23M

Owner & transaction history

since 2012
5 recorded transactions
2017
Price N/A
2012
$1
2005
$2.3M
2004
Price N/A
1995
Price N/A

Zoning & alternative use

BA · Agawam, MA
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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