274 High St Holyoke, MA 01040

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.