Gas Station with Convenience
237 King Street, Northampton, MA 01060
For Sale
Contact for pricing
A Highway Business-zoned parcel on King Street includes an existing convenience-store building.
Property Size2,460 SF
Lot Size0.64 Acres
Price / SF$609.76
Days on Market52
Property Features for 237 King Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Building Details
Year Built
Buildings
Listing Agency:
Matthews Commercial Properties LLC
Listed By:
Noah Matthews · License CT REB.0792777
(203) 721-3337
Source:
Crexi
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 12 at 6:35AM
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 Matthews Commercial Properties LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This former Speedway/Hess property has a 2,460-SF convenience-store building constructed in 2001. The site covers 0.637 acres and has 186 feet of frontage along King Street, also designated U.S. Route 5. Highway Business zoning applies; commercial uses are subject to municipal and regulatory approvals.
The property is across from Stop & Shop and next to Walgreens and McDonald’s. Interstate 91 access is nearby, and the stated traffic count is approximately 17,600 vehicles per day. The site was previously used as a gas station and convenience-store location.
The property is across from Stop & Shop and next to Walgreens and McDonald’s. Interstate 91 access is nearby, and the stated traffic count is approximately 17,600 vehicles per day. The site was previously used as a gas station and convenience-store location.
Key Highlights
- 2,460‑SF convenience‑store building constructed in 2001
- 0.637‑acre parcel with 186 feet of frontage on King Street/U.S. Route 5
- Highway Business zoning; uses require applicable municipal and regulatory approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,132
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,640
$1.1M
Cap Rate 7%
$773,314
$773.3K
Cap Rate 9%
$601,467
$601.5K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$73.8K $30.00/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$72.2K $29.34/SF
− OpEx
−$18.0K −$7.34/SF
NOI
$54.1K $22.01/SF
Area
Hampshire County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,640
Cap Rate 7%
$773,314
Cap Rate 9%
$601,467
Alternative Uses
Best Use
Specialty Retail
$773.3K
$676.7K – $902.2K
NOI $54,132 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$721.8K
$631.5K – $842.1K
NOI $50,523 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,867 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Gas station - A Highway Business-zoned parcel on King Street includes an existing convenience-store building.
Where is this gas station located?
The property is located at 237 King Street Northampton, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,460‑SF convenience‑store building constructed in 2001; 0.637‑acre parcel with 186 feet of frontage on King Street/U.S. Route 5; Highway Business zoning; uses require applicable municipal and regulatory approvals
