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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

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.
More about this property
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