204 Main StGreenfield, MA 01301

Property Details for 204 Main St

Year built

1905

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

6,143 SF

Zone code

CC

Property type

Investment properties

Property subtype

Live-work space

APN

GREE M:0058 B:0043 L:0

APU

GREEM0058B0043L0

Description

This exceptional investment opportunity is located at 204 Main Street, Greenfield, MA, in the heart of the city's central commercial district. The property sits on a 0.06-acre lot and encompasses a thriving, fully operational bar, a cafГ© space with prime Main Street frontage, and five income-producing apartments. Currently fully occupied, this mixed-use building boasts a proven track record of consistent and reliable cash flow, making it an attractive proposition for investors seeking a stable and potentially appreciating asset. The high-traffic location ensures consistent customer flow for both the bar and cafГ©, while the residential units provide a diversified income stream. The property presents a unique blend of commercial and residential uses, offering significant potential for future growth and expansion. The existing businesses are established and operational, minimizing the risk associated with new ventures. This turnkey investment requires minimal immediate capital expenditure, allowing investors to capitalize on the existing revenue streams immediately. The property's strong financial history and prime location make it a compelling investment opportunity in a vibrant and growing community. Serious inquiries are encouraged to schedule a viewing and explore the detailed financial records available. This is a rare chance to acquire a well-established, income-generating property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,120,204

  6.5%

  $1,034,034

  7%

  $960,175

• Comparable approach

  Method

  Valuation

  Relative Method

  $803,724

  Geo Method

  $802,644

• Alternative Use

  Use

  Valuation

  Residential

  $1,282,202

  Hospitality

  $1,174,491

  Educational

  $977,162

  Medical

  $1,010,768

  Retail

  $1,520,030

Location Insight

City

Greenfield

County

Franklin

State

Massachusetts

Latitude

42.5881

Longitude

-72.6028

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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