Latino Professional Building | 223 High St
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Latino Professional Building 223 High St
31,339 SF Vacant Office Building Holyoke, MA 01040 For Sale
Investment Highlights
- Walking distance to Veteran's Memorial Park!
- Corner building
Executive Summary
Great upside potential in this historic building. Renovations ongoing, new roof, upgraded elevator.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£229,393
|
£7.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£45,879
|
£1.46
|
| Effective Gross Income |
£183,514
|
£5.86
|
| Taxes |
£49,470
|
£1.58
|
| Operating Expenses |
£54,498
|
£1.74
|
| Total Expenses |
£103,967
|
£3.32
|
| Net Operating Income |
£79,547
|
£2.54
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £229,393 |
| Annual Per SF | £7.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £45,879 |
| Annual Per SF | £1.46 |
| Effective Gross Income | |
|---|---|
| Annual | £183,514 |
| Annual Per SF | £5.86 |
| Taxes | |
|---|---|
| Annual | £49,470 |
| Annual Per SF | £1.58 |
| Operating Expenses | |
|---|---|
| Annual | £54,498 |
| Annual Per SF | £1.74 |
| Total Expenses | |
|---|---|
| Annual | £103,967 |
| Annual Per SF | £3.32 |
| Net Operating Income | |
|---|---|
| Annual | £79,547 |
| Annual Per SF | £2.54 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
31,339 SF
Building Class
B
Year Built/Renovated
1898/2022
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
5,223 SF
Building FAR
3.60
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
BC - Retail, Office, Multifamily.
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | HOLY-000012-000002-000011 | Total Assessment | £1,068,905 (2024) |
| Land Assessment | £17,292 (2024) | Annual Taxes | £49,470 (£1.58/sf) |
| Improvements Assessment | £1,051,613 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
HOLY-000012-000002-000011
Land Assessment
£17,292 (2024)
Improvements Assessment
£1,051,613 (2024)
Total Assessment
£1,068,905 (2024)
Annual Taxes
£49,470 (£1.58/sf)
Tax Year
2023
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Latino Professional Building | 223 High St
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