Commercial Building plus two rental units | 2589 Boston Rd
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Commercial Building plus two rental units 2589 Boston Rd
13,160 SF Retail Building Wilbraham, MA 01095 $950,000 ($72/SF)
Investment Highlights
- Heavy Foot Traffic on a Main Road
- Rental Properties Included
- On the Water
- Less than 20 Minutes from MGM Springfield
Executive Summary
Great Opportunity to have your business directly on Boston Road in Wilbraham and Nine Mile Pond! This mixed use property contains three buildings, the larger commercial building (2589 Boston Rd) and two additional rental units (2597 & 2599 Boston Rd.). The 5,000+ square foot commercial building was once an Inn and more recently a restaurant. The rental units are directly on the water and have water access. The Commercial building also has water views from the second floor restaurant area and has water access via a dock. The restaurant area has been mostly gutted and needs the new owners vision to complete what the current owners started or begin your own adventure. Restore the entire building and bring the inn back, bed and breakfast, airbnb, restaurant... The lower level has been updated and turned into multiple offices and currently houses a business which will relocate at the sale of the property. This property is a little over two acres, and is on two separate parcels. 2599 is a 2 bed 1 bath 950 sq. foot rental unit and 2597 is 1 bed 1 bath 900 sq ft rental. This property has so much potential.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,160 SF
Building Class
C
Year Built
1940
Price
$950,000
Price Per SF
$72
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.13
Land Acres
2.30 AC
Zoning
GB - Previously and Inn, Currently zoned office with a special permit for medical
Parking
41 Spaces (8.06 Spaces per 1,000 SF Leased)
Frontage
150 FT on Boston Rd
Amenities
- Restaurant
- Signage
- Waterfront
PROPERTY TAXES
| Parcel Number | WILB-001150-000320-000624 | Improvements Assessment | $279,200 (2024) |
| Land Assessment | $104,900 (2024) | Total Assessment | $384,100 (2024) |
PROPERTY TAXES
Parcel Number
WILB-001150-000320-000624
Land Assessment
$104,900 (2024)
Improvements Assessment
$279,200 (2024)
Total Assessment
$384,100 (2024)
-
Elizabeth Salois -
Berkshire Hathaway HomeServices Realty Professiona
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Commercial Building plus two rental units | 2589 Boston Rd
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