Multi-Unit Shopping Center For
23-39 Southwick St Feeding Hills, MA 01030
23-39 Southwick St, Feeding Hills, MA, 01030
$2,500,000
For Sale
$2,500,000
Six-unit shopping center with additional office building in Agawam, MA.
Property Size8,427 SF
Lot Size1.34 Acres
Price / SF$296.67
Days on Market130
Property Features for 23-39 Southwick St
General Information
- Standard status
- Active
- Size
- 8,427 SF
- Lot size
- 1.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency
(413) 221-4885
Listed by
Kimberly Allen
(413) 221-4885
Source
Elliman
Added: Mar 10 Checked: Jul 15 at 9:39 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kimberly Allen
Investment Insights
Based on property information with market context.
This offering includes a six-unit shopping center totaling 8,427 square feet, situated in a high-traffic location in Feeding Hills. All six units are currently occupied by long-term tenants, with one tenant having been in place since the building's construction in 1975. The purchase also includes a 2,828 square foot building located at 23 Southwick St, constructed in 1900, which features an empty office on the first floor. The gross annual income for the properties is $152,340. Seller financing may be available.
Key Highlights
- High Gross Annual Income: $152,340.00
- Established Shopping Center: 6 units (8,427 sq. ft) in high‑traffic location.
- Long‑Term Tenants: Stable income with tenants, including one since 1975.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.2k | $24.00 |
| − Vacancy | −$4.4k | −$0.53 |
| EGI | $197.8k | $23.47 |
| − OpEx | −$59.3k | −$7.04 |
| NOI | $138.5k | $16.43 |
8,427 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.82M
$3.34M – $4.46M
NOI $267,392 @ 7.0% cap · market cap 10.70%
Second Best
Retail
$1.98M
$1.73M – $2.31M
NOI $138,459 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$5.19M
$4.54M – $6.06M
NOI $363,561 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Six-unit shopping center with additional office building in Agawam, MA.
Where is this shopping center located?
The property is located at 23-39 Southwick St Feeding Hills, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Gross Annual Income: $152,340.00; Established Shopping Center: 6 units (8,427 sq. ft) in high‑traffic location.; Long‑Term Tenants: Stable income with tenants, including one since 1975.
