Riverview Commons

Office for Sale
Catylist Listing ID: 30163058
Property Subtypes: Mixed Use
Building Size (RSF): 16,572 SF
Gross Building Area: See Agent
Gross Land Area: 31,755 SF
Sale Price: $1,600,000
Unit Price: $96.55 PSF
Property Use Type: Investment
Building Name: Riverview Commons
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 3.3%
Average Occupancy Rate: 69
Last Updated: 10/16/2017

Overview / Comments

Mixed use building on the northern end of downtown. The building consists of 4 two bedroom apartments, 20 studios (office and warehouse spaces). There have been numerous upgrades and the building is in very good condition. The occupancy rate reflects that some space is owner occupied Full occupancy would have a cap rate of 9%.

Attachments & Media

Additional Details

Nearest MSA: Springfield
County: Hampshire
Taxing Authority: Hatfield
Tax ID/APN: 214-74
Zoning: TOWN CENTER BUSINESS
Property Visibility: Good
Highway Access: 5 minutes to I-91
Airports: Bradley International - 45 minutes
Area Description: Mixed use area, with residences and town facilities.
Total Number of Buildings: 1
Number of Stories: 3
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: common parking lot
Total Parking Spaces: 28
Sprinklers: None
Heat Type: Natural Gas
Internet Access: Cable
Interior Description: Spaces are located on three different levels.
Zoning Description: Town Center Business
Lot Frontage: 197
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: Hampshire County Registry of Deeds Book 2249, Page284

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,728 11,101 67,501
Median Age: 47.31 42.69 34.11
Households: 760 4,897 22,097

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