467 Main StWilbraham, MA 01095

Property Details for 467 Main St

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

1,296 SF

Zone code

NS

Property type

Warehouses

APN

WILB M:7000 B:330 L:2767

APU

WILBM7000B330L2767

Description

This exceptional 0.21-acre property at 467 Main Street in Wilbraham, MA, presents a rare opportunity to acquire an established and profitable business. The property features a well-maintained two-bay garage ideal for automotive and small engine repair, complemented by a small office and waiting area for customer convenience. Four active gas pumps, equipped with double-walled tanks, ensure efficient fueling operations. The business currently offers full-service fueling and a reputable automotive repair service. The high-visibility corner lot location on busy Main Street provides excellent exposure and accessibility. Its strategic position, approximately two miles from US Route 20 and in the heart of Wilbraham, benefits from high traffic volume and proximity to key amenities. The property's advantageous location is further enhanced by its adjacency to the Wilbraham & Monson Academy and its direct proximity to a new residential and commercial development, including a brewery, ensuring a consistent flow of potential customers. The asking price is $800,000. This turnkey operation offers significant potential for continued growth and expansion, making it an attractive investment for discerning buyers seeking a profitable venture in a thriving community. The property's versatility allows for various usage possibilities, making it an ideal acquisition for both established businesses and entrepreneurs seeking a prime location. The existing infrastructure and established clientele provide a solid foundation for immediate success.

• CAP approach

  CAP return

  Valuation

  6%

  $478,089

  6.5%

  $441,313

  7%

  $409,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,937

  Geo Method

  $270,937

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $226,303

  Mixed-Use / Specialty

  $225,496

  Hospitality / Lodging

  $165,440

  Office

  $224,157

  Institutional / Educational

  $234,425

  Residential Income

  $274,278

  Multifamily

  $328,954

  Automotive / Energy

  $200,936

  Parking / Income-Based Land

  $69,340.60

  Restaurant / Food Service

  $117,282

  Healthcare / Senior Housing

  $231,242

Location Insight

City

Wilbraham

County

Hampden

State

Massachusetts

Latitude

42.1221

Longitude

-72.4317

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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