824 Simonds Rd Williamstown, MA 01267
- Retail space
- 1,305 SF
- 0.39 lot acres
Current Use by Public Records
- Retail space
Property Details for 824 Simonds Rd
- Year built
- 1954
- Lot size
- 0.39 lot acres
- Property size
- 1,305 SF
- Zone code
- PB
- Property type
- Retail space
- APN
- WILL M:126.0 B:0052
- APU
- WILLM1260B0052
Description
This 1,300 square foot retail and gas station property, located at 824 Simonds Rd in Williamstown, Massachusetts, presents a unique investment opportunity. Situated on a 0.39-acre corner lot, this property benefits from high visibility on the heavily traveled Route 7 corridor, providing excellent exposure to traffic to and from Vermont. Built in 1954, the building offers ample parking for 20 vehicles and possesses the potential for a drive-through or pick-up window. The property includes updated electrical service both inside and outside, enhancing the functionality and appeal. Security features such as a security alarm panel and motion lights are already in place. Gas lines are readily available on the street for potential future expansion. The existing oil burner has been recently serviced. The interior features high-end glass garage doors, offering flexibility for modernization and customization. This versatile property is ideally suited for a variety of businesses, particularly in a cannabis-friendly town. The asking price is $275,000. The property's MLS number is 242190.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $210,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $180,000
- Mixed-Use
- $210,000
- Hospitality
- $205,000
- Educational
- $225,000
- Residential Income
- $170,000
- Energy
- $175,000
- Income-Based Land
- $215,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Berkshire
- State
- Massachusetts
- Longitude
- -73.2059
- Latitude
- 42.7347
- CBSA code
- 38340
- CBSA name
- PITTSFIELD, MA METROPOLITAN STATISTICAL AREA