Six-Unit Shopping Center For
For Sale
$2,500,000
23-39 Southwick St, Feeding Hills, MA 01030
Six-unit shopping center with additional office building in high-traffic location.
Property Size11,255 SF
Days on Market311
Property Features for 23-39 Southwick St
General Information
Standard status
Active
Size
11,255 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$26,291
Building Details
Building Size
11,255 SF
Year Built
1975
Listed By:
Kimberly Allen
(413) 221-4885
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 24
Last Checked: Oct 4 at 10:24AM
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 have been occupied by long-term tenants, including one tenant since the building's construction in 1975. The purchase also includes a 2,828-square-foot building at 23 Southwick St, constructed in 1900, featuring an empty office on the first floor. The gross annual income is $152,340.00. Seller financing may be available.
Key Highlights
- High Gross Annual Income: $152,340.00
- Six‑Unit Shopping Center: 8,427 sq. ft. in a high‑traffic location
- Additional Building Included: 2,828 sq. ft. building at 23 Southwick St. with an empty office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,924
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,698,480
$3.7M
Cap Rate 7%
$2,641,771
$2.6M
Cap Rate 9%
$2,054,711
$2.1M
Market Conditions
NOI Build-Up for 11,255 SF
Gross rent
$270.1K $24.00/SF
− Vacancy
−$5.9K −$0.53/SF
EGI
$264.2K $23.47/SF
− OpEx
−$79.3K −$7.04/SF
NOI
$184.9K $16.43/SF
Area
Hampden County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,698,480
Cap Rate 7%
$2,641,771
Cap Rate 9%
$2,054,711
Alternative Uses
Best Use
Office B
$5.10M
$4.46M – $5.95M
NOI $357,126 @ 7.0% cap · market cap 14.29%
Second Best
Retail
$2.64M
$2.31M – $3.08M
NOI $184,924 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$6.94M
$6.07M – $8.09M
NOI $485,568 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01030, MA
11,708
Population
5,199
Households
2.3
Avg Household Size
46
Median Age
34%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
976
Density / Sq Mi
$92,485
Median Household Income
$56,324
Median Earnings
$1,124
Median Rent
$315,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — Stop & Shop, 1282 Springfield St, New England, Feeding Hills, MA 01030
Frequently Asked Questions
What type of property is this?
Shopping center - Six-unit shopping center with additional office building in high-traffic location.
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; Six‑Unit Shopping Center: 8,427 sq. ft. in a high‑traffic location; Additional Building Included: 2,828 sq. ft. building at 23 Southwick St. with an empty office
