8-10 East Hoosac Street, Adams, MA, a remarkable investment opportunity in the heart of the East Village. Positioned near Summer Street, this building has two addresses under one deed, boasting two unique floors, each offering separate opportunities, including a theater, a restaurant (formerly the Adams Ale House), and a former bowling alley now storage, spanning an approximate area of 12,400 square feet. The building is approximately 90’ in width x 95’ in length and sits on an irregular lot totaling 16,349 square feet (Tax Map: 112, Lot: 143). The property is zoned for B-2 (extensive business). It hosts a rubber roof newly installed in 2018. It also hosts a wet & dry fire suppression system which passed inspection on September 25th, 2024. The rubber roof was recently installed in 2018. New HVACs, boilers, and renovations have occurred in the past six months. The commercial opportunities with this property are varied.
Diverse Unit Mix
This two-story, mixed-use building contains commercial units previously furnished as a popular bar & restaurant boasting an upstairs theater with a community-sized capacity that previously served as Adam’s local community. All floors in the building have been equipped with a wet and dry fire suppression system, which last passed inspection on September 25th, 2024, with a complete fire escape from the second floor.
Features
This property features a 16-camera hardwired security system, motion sensors, a wet & dry fire suppression system, and huge storage potential to elevate its stature. The building has two floors and an unfinished attic space equipped with solid foundations and charm. It hosts new boilers, five new HVAC systems, multiple kitchens, an event room, multi-stall restrooms, a locker room with shower, multiple kitchens, a cold cellar with compression system, a walk-in freezer, storm doors, magnets on exterior doors, a grandfathered liquor license, and more.
Location & Transportation
Located just off of Summer Street, a popular shopping and residential mixed-use street in Adams, 8-10 East Hoosac Street has a naturally strong demand due to being near the center of town. The enduring proximity of a commercial district, parks, and parking creates a strong demand for tenants. Nearby attractions include Susan B. Anthony’s Home, Williams College, MCLA, MASS MOCA, and The Clark Art Institute. Adjacent to many nearby, including a 19-minute drive to Williams College, 2 minutes to the Berkshire Arts & Tech Charter School, 11 minutes to North Adam’s Mass Moca or MCLA, and 26 minutes to downtown Pittsfield.
Property Facts
Price
$549,999
Style
Low Rise
Price Per Unit
$274,999.50
Zoning
B-2
Sale Type
Commercial Investment
Lot Size
0.55 AC
Cap Rate
-
Building Size
12,400 sq. ft.
Gross Rent Multiplier
-
Current Occupancy
0%
No. Units
2 (Theater / Restaraunt&Bar)
No. Stories
2 w/ attic
Property Type
Extensive Business
Year Built (per public record)
1919
Residential Conversion Disclaimer: The Town of Adams can provide a special permit for the residential conversion of the upper level of this property as it is B-2 extensive business zoning. The pdf file provides a draft plan (not approved by an architect) and gives a potential plan for four residential units upstairs: two three-bedroom units and two one-bedroom units, with the existing commercial space remaining on the ground floor.
Please note that while architectural plans were created, they were not officially stamped or finalized. Any buyer intending to proceed with the conversion must complete their due diligence, including securing the necessary building permits and ensuring compliance with all zoning and construction requirements. All information provided is subject to buyer verification and should not be construed as a guarantee of final approvals beyond the special permit already granted.
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