278 Main St, Great Barrington, MA 01230 (MLS# 241823)

$475,000

278 Main St
Great Barrington, MA 01230
MLS# 241823
1 baths | 2500 sqft

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Property Description
GORHAM & NORTON - An institution on Main Street in Great Barrington since 1911 is now for sale. The sale is for the business only, as the space is leased. Gorham & Norton includes a small grocery and dry goods store, fresh produce, a sandwich deli counter and full package store selling wines, beers and spirits. Their gift baskets and Tanglewood picnic baskets are legendary. This is a truly unique opportunity to obtain and occupy a prime Main Street location in Great Barrington with over a century of history and goodwill. As one of the last of the small markets that used to occupy most Main Streets in New England this property is a reminder of an earlier time and yet remains a viable and much beloved business. Package store license included in sale.

Details

Maps

Documents

Contract Information

Current Price: $475,000

Status: Active

List Date: 2023-10-18

List Price: $475,000

Original List Price: 475000

Limited Service: No

Agent Interest: None

BAC: 2.5

BAC Type: %

NAC Type: %

Location, Tax & Legal

Registry: South Registry

Street #: 278

Street Name: Main

Street Ext: St

State/Province: MA

Postal Code: 01230

General Property Description

Realtor.COM Type: Commercial

Total Half Baths: 1

Total Bathrooms: 1

Parking Spaces Type: On-Street

Sq Ft Liv Apx: 2500

Sq Ft Basement: 2500

Base Incl Sq Ft: No

Sq Ft Source: Owner

Floors #: 1

Status Change Info

Status Change Date: 2024-03-05

Fallthrough Date: 2024-03-04

Remarks & Misc

Additional Disclosures: The price at $475,000 includes inventory with an estimated value of $125,000. The actual value of inventory will be determined at the time of closing and the price for the property will be adjusted up or down based on the then value of the inventory. Property has current licenses and permits to operate a food service establishment, including take out, as well as for the sale of tobacco and nicotine delivery products as well as all-alcohol sales (not to be drunk on premises). These licenses are included in the sale, but a new owner will be required to apply for transfers of these licenses from the current owners. The property includes most fixtures (see Documents) however there are some memorabilia that are excluded, including the antique NCR cash register & office computer and equipment. Also not included are old scale in the window, Mirrors, Neons, G&N painting, Reserved Wine Cabinet & contents. Financials (tax returns only) are available to qualified prospects after signing an NDA.

Directions: Located on the west side of Main Street between Railroad and Elm Streets.

Marketing/Headline: GORHAM & NORTON - Institution on Main St. in Great Barrington. Package Store & Other Licenses.

Building Info

Business Start: 1911

Years at Loc: 112

Goods & Merch: $125,000

Floors #: 1

Heating System #: 1

Property Features

Business Type: Convenience Store; Food & Beverage; Mixed; Restaurant; Retail

Features: Basement; Business Only; Equipment; Fixtures; Inventory; Lease in Place; Licenses Incl; Licenses Transfer; Liquor Lic Incl

Sewer: Public

Water Access: Public

Right to Farm Comm: Yes

Interior Amenities: Air Cond

Internet Service: Cable Available; Fiber Optic Avail

Electric Type: 400 Amp

Exterior Amenities: Bus-Public

Construction: Masonry

Roof: Unknown

Basement: Concrete Floor; Full

Fuel: Oil

Hot Water: Nat Gas

Zoning: Business

Possession: Close Of Escrow

Listing Documents

Items included in the sale - FF&E

Listing Office: STONE HOUSE PROPERTIES, LLC

Listing Agent: Anthony Blair

Last Updated: March - 20 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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