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    208 Race St Holyoke, MA 01040

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    For Sale
    $4,200,000

    68,000 SF renovated office building in the Arts and Industry District.

    Property size:
    68,000 SF
    Lot size:
    0.29 Acres

    Property Features for 208 Race St

    General Information

    Size
    68,000 SF
    Lot size
    0.29 Acres

    Source: L&P Commercial Agent Bill Low

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building Investment Opportunity

    This 68,000 square foot office building, located at 208 Race Street in Holyoke, Massachusetts, presents an investment opportunity for office building investors in the Western Mass area. The property, featuring 22 units, underwent a comprehensive renovation in 2014, blending historic charm with modern functionality. It is situated in the "Arts and Industry" Overlay District, an area experiencing a renaissance with older manufacturing buildings being converted to offices, theaters, and housing. The property is located across the street from the "Canal Walk", a city renovation of the historic canal system. Zoned IG and currently at 42% occupancy, the property offers potential for growth. On-site parking is available.
    Location Intelligence

    Current Use by Public Records

    M & R Transportation ... Trucking Company Holyoke Craft Beer Brewery cdeVision Website Designer Premiere Staffing Services, ... Employment Agency Laundry Party Laundry Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6058415
    Latitude
    42.2021172

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    FAQs

    What type of property is this?
    Office building - 68,000 SF renovated office building in the Arts and Industry District.
    Where is this office building located?
    The property is located at 208 Race St Holyoke, MA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - 68,000 SF building in the growing "Arts and Industry" Overlay District.; - Comprehensive renovation in 2014 blending historic charm with modern functionality.; - Located on the Historic Canal System, across from the "Canal Walk" renovation.
    (413) 595-8008
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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
    208 Race St Holyoke, MA 01040
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