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53-55 Elm Street, Westfield, MA 01085
$699,900
53-55 Elm Street, Westfield, MA 01085View this property at 53-55 Elm Street, Westfield, MA 01085
53-55 Elm StreetWestfieldMA01085
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Property Description
Current Sales Volume $545,000 - Investors looking for a meticulously maintained MIXED USE BUILDING with a successfully run RETAIL BUSINESS for over 75 years located in the heart of DOWNTOWN Westfield, THIS is the opportunity you have been waiting for! Plenty of visibility, located on a highly traveled main street with lots of foot traffic to draw in tons of business. Retail space features a beautiful tin ceiling, 18 camera security system, C/Air, 14-Door Cooler, Separate cooler room, all equipment and antiques, 1/2 Bath, plenty of storage in back room. clean/dry and organized basement and separate detached storage room as well. Plenty of parking with attached lot for approx 10 off street spaces included with sale (zoned commercial/buildable). Spacious apartment above retail space can be rented at $15,600/yr and has newer HVAC system & windows. Don't let this TURN KEY opportunity slip away, Both building and business are being sold together. Seller wants Offers!
Full Property Details
Full Property Details for 53-55 Elm St
General
- Price: $699,900
- Taxes: $5,378 (2024)
- Status: Active
- Type: Commercial
- MLS ID: 73137659
- Updated: 5/30/2024
- Added to Site: 319 day(s) ago
Business
- Business Type: Commercial
Parking
- Total Spaces: 10
Location
- County: Hampden
- Driving Directions: Off Main
Utilities
- Utility Description: Public Water, Public Sewer, Natural Gas Available
Structural Information
- Year Built: 1890
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: .17
- Zoning: Legal Conforming
Financial Considerations
- Tax Amount: $5,378.8
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2
- Facilitator Compensation: 1
- Disclosures/Rstr.: Inventory not included in price, will be determined at time of sale. See attached information regarding Liquor/Lottery Licenses. 21E on file. SF breakdown approx between retail & residential space. Note financials are based on absentee owner run business, owner does not take wages.
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Schools
Schools serving 53-55 Elm St
Rating | Name | Grades | Distance |
---|---|---|---|
Fort Meadow Early Childhood Center
35 White St, Westfield, MA 01085 | PK-PK | 0.3 mi | |
50 W Silver St, Westfield, MA 01085 | K-4 | 0.6 mi | |
22 Franklin Ave, Westfield, MA 01085 | K-4 | 0.7 mi | |
30 W Silver St, Westfield, MA 01085 | 7-8 | 0.6 mi | |
31 Middle School Dr, W Springfield, MA 01089 | 6-8 | 5.2 mi | |
1305 Springfield St, Feeding Hills, MA 01030 | 7-8 | 5.5 mi | |
33 Smith Ave, Westfield, MA 01085 | 9-12 | 0.7 mi | |
177 Montgomery Rd, Westfield, MA 01085 | 9-12 | 1.8 mi | |
425 Piper Rd, W Springfield, MA 01089 | 9-12 | 5.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 53-55 Elm St
Date
Details
Price
Change
Source
7/18/2023
Listed
$699,900
599.9%
MLS
7/27/2006
Sold
$100,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 53-55 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,451
15%
$43,300
25%
2022
$1,260
-1%
$34,700
—
2021
$1,268
-2%
$34,700
—
2020
$1,288
3%
$34,700
5%
2019
$1,256
3%
$33,100
—
2018
$1,219
-1%
$33,100
—
2017
$1,227
1%
$33,100
—
2016
$1,214
6%
$33,100
—
2015
$1,148
2%
$33,100
—
2014
$1,120
—
$33,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 53-55 Elm St
53-55 Elm Street, Westfield, MA 01085 (MLS# 73137659) is a Commercial property. 53-55 Elm Street is currently listed for $699,900 and was received on July 18, 2023. This property is listed by Lisa Oleksak-Sullivan from our Western Massachusetts Office.Want to learn more about 53-55 Elm Street? Do you have questions about finding other Commercial real estate for sale in Westfield? You can browse all Westfield real estate or contact a Coldwell Banker agent to request more information.