384 Main St - Storefront FOR SALE


Williamstown, MA 01267
$1,800,000 USD
561-282-6246
384 Main St, Williamstown, MA for Sale
$1,800,000 USD
Storefront - FOR SALE
1/3
null | 7.83% Cap Rate

384 Main St
Williamstown, MA 01267


HIGHLIGHTS

  • Significant capital expenditures undertaken by current ownership
  • New roof installed, offering structural peace of mind and reduced future capital obligations for ownership.
  • Enhancing curb appeal while improving functionality for tenants and customers with a newly sealed and striped
  • Average household income within a 1-mile radius stands at an impressive $137,034, supporting strong retail spending power.
  • The property benefits from year-round tourism
  • Located just 0.8 miles from Williams College, a prestigious institution that further drives consistent foot traffic

OVERVIEW

In 2024, current ownership completed a series of extensive capital improvements designed to maximize long-term asset value while minimizing near-term maintenance obligations. Key upgrades include the installation of a brand-new roof and a newly sealed and striped parking lot, both of which not only bolster structural integrity and curb appeal but also reduce future capital outlay for ownership. These improvements position the property as a turnkey investment opportunity with minimal deferred maintenance. Strategically located in a high-income trade area—with average household income within a one-mile radius reaching $137,034—the property is well-positioned to capture consistent consumer spending. Additionally, its proximity to major cultural and tourism attractions, including the Berkshire Mountains, the Clark Art Institute, and the renowned Williamstown Theatre Festival, ensures a steady influx of regional visitors. Situated just 0.8 miles from Williams College, one of the nation’s top liberal arts institutions, the asset also benefits from a dense and dynamic population base, driving reliable foot traffic and sustained demand for retail and dining services.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General & Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

pb

APN/PARCEL ID

WILL-000111-000000-000030

ASK ABOUT THIS PROPERTY

Grant SteinbergMatthews Real Estate Investment ServicesMore Info
561-282-6246

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Grant SteinbergMatthews Real Estate Investment ServicesMore Info
561-282-6246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.