181 State StGranby, MA 01033

Property Details for 181 State St

Year built

1900

Lot size

1.85 AC

Property size (Sq ft)

5,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a well-established restaurant and multi-unit property in Granby, Massachusetts. Located at 181 W State St, this prime retail property boasts a total of 5,000 square feet on a 1.85-acre lot. The main building, constructed in 1900 and extensively renovated in 2019, features a thriving breakfast and lunch restaurant with 3,100 square feet of net rentable space. The restaurant enjoys a cozy atmosphere with indoor fireplace seating and an outdoor patio. The property also includes two additional units, offering versatile options. One unit is a second-floor apartment, and the other is a finished garage space, both presenting opportunities for rental income or owner occupancy. The property's strategic location on Route 202 in Granby provides excellent visibility and accessibility, surrounded by residential homes and businesses, with convenient access to major highways and colleges. The asking price is $1,100,000, translating to $220 per square foot. This turnkey business and real estate package offers significant potential for revenue growth through various avenues, including expanding operating hours, adding menu items (such as baked goods or dinner service), leveraging the existing ice cream window, and expanding the successful catering business. The property's long-standing reputation ensures a smooth transition for new ownership. This is a rare opportunity to acquire a profitable business and valuable real estate in a desirable location. The property consists of two buildings, spanning three stories.

Location Insight

City

Granby

County

Hampshire

State

Massachusetts

Latitude

42.2547

Longitude

-72.5272

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