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    FOR LEASE
    Bowling alleys

    65 Cottage St E, Norwood, MA 02062

    18,480 SF 0.31 ac lot Built 1939
    Entity Owned Free & Clear
    Property ID
    US38-1451398
    Property summary
    AI-generated overview

    This exceptional property at 65 Cottage Street East in Norwood, MA presents a rare investment opportunity. The historic candlepin bowling alley boasts a substantial footprint, encompassing approximately 12,320 square feet on the first floor and an additional 6,160 square feet of finished basement space, totaling approximately 18,480 square feet across two levels. Situated on a 0.31-acre lot, this building offers significant potential for redevelopment or adaptive reuse. Its prime location within Norwood's Mixed Use Overlay District allows for a variety of commercial ventures. The property's rich history and substantial size make it an ideal canvas for a creative entrepreneur or investor seeking a unique and high-impact project. The existing structure provides a solid foundation for a multitude of possibilities, from maintaining its current use to transforming it into a modern commercial space. The ample square footage and central location within the vibrant downtown area ensure high visibility and accessibility. This is a chance to acquire a piece of Norwood's history and shape its future. The property is offered at $2,200,000. Serious inquiries only.

    Property profile
    Verified
    Property type Bowling alleys
    Use group BOWLING ALLEY
    Year built 1939
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 18,480 SF
    Lot 0.31 ac (13,719 SF)
    APN NORW M:00001 B:00006 L:0013A
    UPID US38-1451398
    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
    • Norwood Sport Center Bowling Alley
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $575k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $685k
    Blend (final) Blend
    $630k
    Owner & transaction history
    NORWOOD SPORTS CENTER
    NORWOOD SPORTS CENTER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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