Iconic Holyoke Restaurant
389 Main St Holyoke, MA 01040
For Sale
$149,000
Historic restaurant location for sale on Main Street.
Property Size988 SF
Price / SF$150.81
Days on Market95
Property Features for 389 Main St
General Information
- Standard status
- Active
- Size
- 988 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
SR Commercial Realty
(413) 557-4846
Listed By:
Zaisha Robert
(413) 557-4846
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 26 at 6:14PM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
Located at 389 Main Street in Holyoke, this property presents an opportunity to own a piece of local history. The site is suitable for a legacy restaurant and is surrounded by both residential and commercial properties. The location offers convenient bus access. The property contains 988 square feet.
Key Highlights
- Iconic location on Main Street
- Ideal for a legacy restaurant
- Surrounded by residential and commercial properties
Financial Insights For Specialty 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 | $17.8k | $18.00 |
| − Vacancy | −$747 | −$0.76 |
| EGI | $17.0k | $17.24 |
| − OpEx | −$4.3k | −$4.31 |
| NOI | $12.8k | $12.93 |
988 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$182.5K
$159.7K – $213.0K
NOI $12,778 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 28.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Pescaderia Restaurant
Restaurant
Similar Off Market Nearby
- Blue Door Gatherings — 400 Dwight St, Holyoke, MA 01040
FAQs
What type of property is this?
Restaurant - Historic restaurant location for sale on Main Street.
Where is this restaurant located?
The property is located at 389 Main St Holyoke, MA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Iconic location on Main Street; Ideal for a legacy restaurant; Surrounded by residential and commercial properties
