16 Holland RdWales, MA 01081

Property Details for 16 Holland Rd

Year built

1950

Construction

FRAME

Lot size

9.70 AC

Property size (Sq ft)

2,800 SF

Property type

Turn key restaurants

APN

WALE M:1000 B:1770 L:0016-0

APU

WALEM1000B1770L00160

Description

This iconic Wales, MA establishment, the Wales Irish Pub, presents a unique investment opportunity. Boasting decades of loyal patronage, this thriving business includes ample indoor seating at the bar and tables, a dedicated bandstand and dance floor, a fully equipped kitchen, substantial walk-in coolers, and extensive storage areas. Upstairs, three spacious offices provide administrative space, complemented by a comfortable seating area and a partially finished bathroom with rough plumbing. Outdoor entertainment is equally impressive. A large deck extends the pub's capacity, featuring additional seating and a second bar, along with more storage. The expansive backyard is a true entertainment hub, showcasing a brand-new bandstand, a large, potentially enclosed pavilion with its own bar, a massive pizza oven, additional storage, and a projection screen. A grassy area with a built-in fire pit and ample space for games completes the outdoor amenities. This exceptional property sits on a generous 9-acre lot. Significant upgrades within the last two years include a new septic system, updated electrical and plumbing systems, enhancing both functionality and efficiency. This turnkey operation offers immediate income potential and significant growth opportunities. The property's size and versatile layout provide ample room for expansion and diversification. This is a rare chance to acquire a well-established, community-loved business with substantial land and significant recent improvements.

• CAP approach

  CAP return

  Valuation

  6%

  $680,498

  6.5%

  $628,152

  7%

  $583,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $921,937

  Geo Method

  $921,937

• Alternative Use

  Use

  Valuation

  Residential

  $529,870

  Hospitality

  $485,358

  Educational

  $403,812

  Medical

  $417,700

  Retail

  $628,152

Location Insight

City

Wales

County

Hampden

State

Massachusetts

Latitude

42.0775

Longitude

-72.1999

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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