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    424 State Rd Whately, MA 01373

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    For Sale
    $1,400,000

    8,300 SF retail property fully leased to cannabis retailer.

    Property size:
    8,300 SF
    Lot size:
    1.32 Acres

    Property Features for 424 State Rd

    General Information

    Size
    8,300 SF
    Lot size
    1.32 Acres

    Source: Region Commercial Agent Mitch Bolotin

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

    Overview

    Retail Property on Busy Corner

    This approximately 8,300 square foot retail property is located on the busy 5 & 10 in Whately, MA. The building, a condo at 420 State Road, sits at the corner of a busy intersection, just off of Exit 35 on I-91. Recent improvement projects include a fully renovated store area with new mechanicals, electrical, and plumbing. The property is fully leased to cannabis retailer, Cheech & Chong's Dispensaries on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking and access off both 116 and Route 10.
    Location Intelligence

    Current Use by Public Records

    Dr. Adele M. ... Pediatrician Deerfield Adult Medicine: ... Internist ChargePoint Charging Station Electric Vehicle Charging Station Deerfield Pediatrics Pediatric Neurologist Randhawa Sanjeevan MD Doctor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Whately
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.6140465
    Latitude
    42.470101

    Nearby Similar for Sale

    • $715,000

      Large Building on 2.65 Acres

      22,000 SF building on 2.65 acres in Whately, MA.
      203 Long Plain Rd, Whately, MA 01393
      View Details

    FAQs

    What type of property is this?
    Retail space - 8,300 SF retail property fully leased to cannabis retailer.
    Where is this retail space located?
    The property is located at 424 State Rd Whately, MA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Fully leased to Cheech & Chong's Dispensaries, offering immediate income on a net lease basis.; - High entry cap rate of approximately 9.3% based on 2023 figures.; - Located at a busy intersection off Exit 35 on I-91, offering high visibility.
    (413) 537-2020
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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
    424 State Rd Whately, MA 01373
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