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    427 N Elm St Westfield, MA 01085

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    For Lease
    $1.00 SF/Yr

    Retail development opportunity in a high-traffic area of Westfield.

    Lot size:
    1.16 Acres

    Property Features for 427 N Elm St

    General Information

    Lot size
    1.16 Acres

    Building Details

    Year built
    1961

    Source: SR Commercial Realty Agent Jeremy Casey

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

    Overview

    Retail Development Opportunity in Westfield

    This retail development opportunity in Westfield, MA, offers up to 1.53 acres across two parcels. Planned features include a pad site suitable for a quick service restaurant and an additional building located behind it. The site is positioned in a high-traffic area and is surrounded by national retailers such as Starbucks, Hot Table, and Wendys. The location benefits from strong daily traffic counts and easy access to major routes. This is a chance to secure a place in a rapidly growing commercial corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.7339678
    Latitude
    42.1399157

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    FAQs

    What type of property is this?
    Retail space - Retail development opportunity in a high-traffic area of Westfield.
    Where is this retail space located?
    The property is located at 427 N Elm St Westfield, MA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - 1.53 acre retail development opportunity.; - Pad site ideal for a quick service restaurant.; - High-traffic location.
    (413) 459-9959
    Request Owner's contact information
    427 N Elm St Westfield, MA 01085
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    Westfield, MA 01085
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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
    427 N Elm St Westfield, MA 01085
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