85 Elm St
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85 Elm St
12,000 SF 100% Leased Retail Building West Springfield, MA 01089 £1,025,700 (£85/SF) 8.08% Net Initial Yield
Executive Summary
Commercial Building For Sale in Thriving Downtown West Springfield, MA w/ 25 Deeded Parking Spaces. This building is neighbors with City Hall, Police, Fire &School Departments many well known restaurants, banks and National Brands. Ideal location for a downtown building offering high visibility and foot traffic. Proximity to public transportation and key amenities further enhance the buildings appeal. Many long term stable tenants including the anchor Holyoke CreditUnion with New Modern Remodeled Space on the 1st floor. This revenue generating, income producing building could be a great addition to your portfolio or the perfect building to begin one.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1940
Price
£1,025,700
Price Per SF
£85
Net Initial Yield
8.08%
NOI
£82,845
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.38
Land Acres
0.20 AC
Zoning
CBD - Retail or Office Uses Allowed
Parking
25 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Route
- Corner Lot
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- All Seasons Promotions
- -
- -
- -
- -
- -
- Epco-nbf Group
- -
- 500 SF
- -
- -
- -
- Holyoke Credit Union
- -
- 6,000 SF
- -
- Negotiable
- -
- It's West Springfield Inc
- -
- -
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
All Seasons Promotions | - | - | - | - | - | |
Epco-nbf Group | - | 500 SF | - | - | - | |
Holyoke Credit Union | - | 6,000 SF | - | Negotiable | - | |
It's West Springfield Inc | - | - | - | - | - |
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
Parcel Number | WSPR-000102-005300-000041 | Improvements Assessment | £843,968 |
Land Assessment | £85,084 | Total Assessment | £929,052 |
PROPERTY TAXES
Parcel Number
WSPR-000102-005300-000041
Land Assessment
£85,084
Improvements Assessment
£843,968
Total Assessment
£929,052
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85 Elm St
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