18-24 Federal Street, Greenfield, MA
Retail-Commercial
for Sale
| Catylist Listing ID: |
30855455 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Other
|
| Building Size (RSF): |
9,385 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
4,861 SF
|
| Sale Price: |
$450,000 |
| Unit Price: |
$47.95 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/11/2023 |
Overview / Comments
|
Solid investment opportunity with well-established anchor tenants and favorable lease terms in place. Long history of good maintenance. Two years ago, new store fronts and the roof was re-coated with aluminum oxide paint, which has been done approximately every five years since it was new in 1988. Windows were replaced in 1988. The boiler was replaced in 1990.
|
Additional Details
| Nearest MSA: |
Springfield |
| County: |
Franklin |
| Tax ID/APN: |
M:0051 B:0030 L:0 |
| Zoning: |
CC |
| Retail Clientele: |
General, Family, Business, Tourist, Other |
| Property Located Between: |
Main Street and Ames Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main Street |
| Feet of Frontage: |
69 |
| Highway Access: |
Within minutes to Route 2 and Interstate 91 |
| Airports: |
Turners Falls Municipal Airport | Bradley International Airport |
| Area Description: |
Business District |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
4,693 SF |
| Property Condition: |
Excellent |
| Year Built: |
1900 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Frame |
| Exterior Description: |
Brick |
| Parking Description: |
Public |
| Sprinklers: |
None |
| Heat Type: |
Steam |
| Heat Source: |
Central, Radiant |
| Air Conditioning: |
Window Unit |
| Internet Access: |
Cable |
| Zoning Description: |
CC Legal Conforming |
| Lot Frontage: |
69+/- ft. |
| Lot Depth: |
Irregular |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,365 |
20,695 |
27,465 |
| Median Age: |
40.83 |
42 |
43.02 |
| Households: |
5,657 |
9,183 |
12,007 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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