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You are here:
Home Massachusetts Westfield Commercial Properties for Sale

53-55 Elm Street Westfield, MA 01085

489 Days on Boston Pads
Price Reduced $25,000
36 Photos
$750,000
Type: Commercial
Lease Type N/A
SQFT: N/A
Restrooms: N/A
Parking: N/A
53-55 Elm Street
Westfield, MA 01085

Property Description

MOTIVATED SELLER - Investors looking for a meticulously maintained MIXED USE BUILDING with a successfully run RETAIL BUSINESS for over 75 years (formerly The Tobacco Barn) located in the heart of DOWNTOWN Westfield, THIS is the opportunity you have been waiting for! Plenty of visibility, located on a highly traveled main street with lots of foot traffic to draw in tons of business. Retail space features a beautiful tin ceiling, 18 camera security system, C/Air, 14-Door Cooler, Separate cooler room, all equipment and antiques, 1/2 Bath, plenty of storage in back room. clean/dry and organized basement and separate detached storage room as well. Plenty of parking with attached lot for approx 10 off street spaces included with sale. Spacious apartment above retail space currently rented at $15,600/yr and has new HVAC system & windows. Don't let this TURN KEY opportunity slip away, Both building and business are being sold together OR SEPARATELY.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73072763

Financial

  • Gross Annual Expenses: 544577
  • Gross Annual Income: 592575
  • Net Operating Income: 47998

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

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Map & Resources

Seller's Representative: Lisa Oleksak-Sullivan, Coldwell Banker Realty - Western MA
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-05-30 16:13:00