11 Main StErving, MA 01344

  • Retail space
  • 3,472 SF
For Sale
$999,000 View listing

Property Details for 11 Main St

Year built
1873
Construction
FRAME
Lot size
0.67 AC
Property size (Sq ft)
3,472 SF
Zone code
CV
Property type
Retail space
APN
ERVI M:006 B:004 L:061
APU
ERVIM006B004L061

Description

This exceptional commercial property boasts a prime location on Route 2 in Erving, MA, with over 11,000 vehicles passing daily. The 0.67-acre lot features 200 feet of frontage, ensuring high visibility. The main building, a sturdy 112x30 timber frame structure, offers over 3,400 square feet of ground floor space, currently utilized as a successful antique/collectible shop and cafe. A large 115x10 covered porch provides ample space for customers. The cafe, previously featured in America's Test Kitchen, includes a fully functional commercial kitchen. A second-floor space presents potential for conversion to residential or additional commercial use. A separate 30x12 building with a 30x6 covered porch, currently used for statuary display, offers additional space and versatility. The property includes plentiful parking. The seller will include most retail stock and kitchen equipment at no additional cost, providing a turnkey opportunity for a new owner. This is an unparalleled business opportunity in a low-tax area, ideal for a variety of commercial ventures. The high traffic count and prominent location make this property a truly exceptional investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $930,614
    6.5%
    $859,029
    7%
    $797,669
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,144,738
    Geo Method
    $1,143,202
  • Alternative Use

    Use
    Valuation
    Residential
    $724,623
    Hospitality
    $663,751
    Educational
    $552,233
    Medical
    $571,225
    Retail
    $859,029

Location Insight

City
Erving
County
Franklin
State
Massachusetts
Latitude
42.5994
Longitude
-72.399
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
$3,194
$78,700
$129,500
$208,200
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