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    274 High St Holyoke, MA 01040

    Sponsored
    For Sale
    $729,777

    Prime Holyoke location, lucrative tax credits.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a legacy asset located directly adjacent to Holyoke City Hall, at 274 High Street. The property sits on a 0.09-acre lot and is currently being offered for $729,777. A significant advantage is the inclusion of pre-approved federal and state historic tax credits totaling $4 million. These credits are assignable to the new buyer, streamlining the redevelopment process and significantly reducing project costs. The existing approvals are specifically for construction and redevelopment. Conceptual design plans are available for review, showcasing a potential layout of four residential units per floor. However, the design is flexible, allowing for modifications to increase the number of residential units on the second and third floors. The first floor is conceptually designed to accommodate a restaurant, but alternative uses are possible. The current owners are open to assisting with the construction process or exploring a joint venture with the new owner. This presents a unique opportunity to acquire a prime property in a desirable location with substantial financial incentives already in place. Further details are available upon request.

    Property Features for 274 High St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1906
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.60814
    Latitude
    42.20639

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Holyoke location, lucrative tax credits.
    Where is this commercial real estate located?
    The property is located at 274 High St Holyoke, MA.
    What is the asking price?
    The asking price for this property is $729,777.
    (508) 944-3144
    Request Owner's contact information
    274 High St Holyoke, MA 01040
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    Holyoke, MA 01040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    274 High St Holyoke, MA 01040
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