Fully Occupied Mixed-Use
New
For Sale
$259,000
207-209 Main Street, Greenfield, MA 01301
Current occupants include a nail salon, police satellite office, and second-floor tattoo studio.
Property Size1,648 SF
Price / SF$157.16
Days on Market5
Property Features for 207-209 Main Street
General Information
Standard status
Active
Size
1,648 SF
Property subtype
Commercial
Zoning
Central Commercial District
Occupancy
100%
Lease Term
[]
Additional Details
Cap Rate
10.5%
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Brick & Mortar Northampton
Listed By:
Shelly Hardy · License #452508731
(413) 320-3821
Source:
Foster-healey
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 9 at 8:10PM
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 Brick & Mortar Northampton
Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property is fully occupied by a nail salon, a Greenfield Police Department satellite office, and a tattoo studio that uses the entire second floor. The property has an approximate 10.5% cap rate calculated from seller-provided income and expenses, and a history of established tenancy.
The building is in Greenfield’s Central Commercial District, where commercial and mixed residential/business uses are allowed. Street parking is available. Any future conversion of the second floor to two apartments would require renovation and municipal approvals.
The building is in Greenfield’s Central Commercial District, where commercial and mixed residential/business uses are allowed. Street parking is available. Any future conversion of the second floor to two apartments would require renovation and municipal approvals.
Key Highlights
- Fully occupied by a nail salon, police satellite office, and tattoo studio
- Approximate 10.5% cap rate based on seller‑provided income and expenses
- Tattoo studio occupies the entire second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,057
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,140
$341.1K
Cap Rate 7%
$243,671
$243.7K
Cap Rate 9%
$189,522
$189.5K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$29.7K $18.00/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$27.3K $16.56/SF
− OpEx
−$10.2K −$6.21/SF
NOI
$17.1K $10.35/SF
Area
Franklin County, MA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,140
Cap Rate 7%
$243,671
Cap Rate 9%
$189,522
Alternative Uses
Best Use
Retail
$348.1K
$304.6K – $406.2K
NOI $24,370 @ 7.0% cap · market cap 9.41%
Second Best
Mixed Use
$243.7K
$213.2K – $284.3K
NOI $17,057 @ 7.0% cap · market cap 6.59%
Theoretical Best
Healthcare Medical
$683.4K
$598.0K – $797.3K
NOI $47,836 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 43%
Home Improvements & Furnishings 3%
Wendy's
Dining
17,069 visits/mo
0.4 miles
People's United Bank
Shops & Services
5,686 visits/mo
0.2 miles
The UPS Store
Shops & Services
3,015 visits/mo
0.5 miles
Toyota of Greenfield
Shops & Services
2,014 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,507 visits/mo
0.2 miles
Demographics for 01301, MA
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
713
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Current occupants include a nail salon, police satellite office, and second-floor tattoo studio.
Where is this mixed-use property located?
The property is located at 207-209 Main Street Greenfield, MA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Fully occupied by a nail salon, police satellite office, and tattoo studio; Approximate 10.5% cap rate based on seller‑provided income and expenses; Tattoo studio occupies the entire second floor
