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.

Attachments & Media

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

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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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