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Property profile & analytics
OFF-MARKET Estimated value $1,020,000
Turn key restaurants

81 Pt Grv Rd Southwick, MA 01077-9601

5,136 SF 1.7 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US38-0466144
Property summary
AI-generated overview

This exceptional 800-square-foot single-tenant bay, situated at 81 Point Grove Rd, Southwick, MA 01077, offers unparalleled waterfront convenience at Congamond Marina. The property is a versatile space suitable for a variety of uses, including marine-related businesses, storage, retail, or office space. The building is a single-story structure with one bay, providing ample room for operations or storage needs. The high ceilings, measuring 16 feet, allow for substantial vertical space, while a 10x10 overhead door ensures easy access for vehicles and equipment. A key advantage is the inclusion of heating, providing a comfortable and functional environment year-round. The property's location on Congamond Lake presents a unique opportunity for businesses seeking a high-visibility location with direct waterfront access. This single-tenant property is classified as Retail, Office, and Industrial, offering flexibility for a diverse range of potential occupants. The property's address is easily accessible, providing convenient access for customers and employees. This is a rare opportunity to acquire a versatile waterfront property in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction FRAME
Total area 5,136 SF
Lot 1.7 ac (74,052 SF)
APN SWIC M:114 B:000 L:176
UPID US38-0466144
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
  • The Launch Take-out & Catering Catering Service
  • Congamond Pizza Company Restaurant
  • CPC Craft Meats and Smokehouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$613k
Blend (final) Blend
$1.02M
Owner & transaction history
Frank Grillo Ent LLC · 3 yrs held
Frank Grillo Ent LLC
since 2022
Last sale
$1.0M
6 recorded transactions
2022
$1.0M
2017
Price N/A
2003
$385,000
2002
$236,000
2000
Price N/A
1998
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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