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8-10 E Hoosac St
Adams, MA 01220

$349,900

Freestanding For Sale  •  12,400 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 12,400 Sq Ft
  • Lot Size 0.55 ac
  • Building Class C
  • Year Built 1919
  • Tenancy Single
  • Zoning Business
19 Transit Score
55 Walk Score

Description

Available for sale or lease. The Adams Ale house has had over $400,000 in updates since 2013. A brand new roof was put on the building in 2018, Major renovation done to the bar area, dining area, bar itself, new commercial kitchen completely gutted down to studs with all new equipment was installed in 2014. New Hood/Ansul system, friolators, cooktops, stoves, reach in refrigerators, and new commercial dish washing system. Additional renovations include custom walk in cooler, new dishwashing equipment behind bar, a complete sanding and re-surfacing of the 75 year old antique 34 foot long bar, and all new fixtures/Tv's purchase in 2014. Upstairs 750+ antique tin ceiling tiles were restored, and prepared for finishing in the 500 person banquet hall which could be used for future expansion. The first floor currently consists of a bar & great meeting/banquet space. There is a full kitchen (described above) on the first floor and the 2nd floor has an unfinished in the works banquet hall to accommodate up to 500 people. The lower level also has a 4 lane bowling alley which has been converted to a game room and the lanes still exist. This building has operated as a very successful bar and restaurant in years past. Detailed financials are available to anyone who is qualified. This could be a great property otherwise too. Could be a youth center, dance studio, and/or perfect for non profits.

Highlights

5 years as successful restaurant and bar with numbers available for qualified investors
Over $400,000 in renovations were done since 2013 including new roof, all new bar and rustic room, new downstairs game room, bathrooms, Commercial up
to code kitchen,

Property Flyers

Financial Summary (Actual)

Net Operating Income: $30,100 (2018)
Total Expenses: $12,400

Amenities

  • Air Conditioning
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Nathan Girard 413-464-9037 Royal Property Group
Nathan Girard 413-464-9037 Royal Property Group