81 Point Grove RdSouthwick, MA 01077

Property Details for 81 Point Grove Rd

Year built

1984

Construction

FRAME

Lot size

1.70 AC

Property size (Sq ft)

5,136 SF

Property type

Turn key restaurants

APN

SWIC M:114 B:000 L:176

APU

SWICM114B000L176

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $971,567

  6.5%

  $896,831

  7%

  $832,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $697,913

  Geo Method

  $697,913

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,748,910

  Mixed-Use / Specialty

  $893,634

  Hospitality / Lodging

  $655,631

  Office

  $888,325

  Institutional / Educational

  $929,019

  Residential Income

  $1,086,950

  Multifamily

  $1,303,630

  Automotive / Energy

  $796,302

  Parking / Income-Based Land

  $274,794

  Restaurant / Food Service

  $464,786

  Healthcare / Senior Housing

  $916,405

Location Insight

City

Southwick

County

Hampden

State

Massachusetts

Latitude

42.0429

Longitude

-72.7589

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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