81 Point Grove RdSouthwick, MA 01077

  • Retail properties
  • 5,136 SF
For Lease
$18/SF/YR View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,248,227
    6.5%
    $1,152,210
    7%
    $1,069,909
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,691,096
    Geo Method
    $1,691,096
  • Alternative Use

    Use
    Valuation
    Residential
    $971,932
    Hospitality
    $890,285
    Educational
    $740,706
    Medical
    $766,180
    Retail
    $1,152,210
81 Point Grove Rd, Southwick, Massachusetts

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,495
$206,500
$471,900
$678,400
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-
-
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