Downtown Office and Studio
For Sale
Contact for pricing
31 Bridge St, Shelburne, MA 01370
Second-floor space with abundant windows, central air, a kitchen, and a bathroom, suited for office or studio use.
Property Size1,900 SF
Price / SF$0.67
Days on Market192
Property Features for 31 Bridge St
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Additional Details
Lease Term
12 months
Amenities
windows
natural light
kitchen
bathroom
central air
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Coldwell Banker Community REALTORS
(413) 625-6366
Listed By:
Amanda Rivera
(413) 824-2622
Source:
Iverty
Added: Apr 21
Changed: Oct 29
Last Checked: Oct 28 at 7:36AM
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 Coldwell Banker Community REALTORS
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Investment Insights
Based on property information with market context.
This 1,200 sq ft +/- commercial space is located on the 2nd floor and is designed to support a variety of small business and creative uses. The layout includes an office/studio area with an abundance of windows for natural light, along with a kitchen and bathroom. Central air is provided for year-round comfort.
The space is offered as a commercial lease in a downtown setting, with tenants responsible for their own utilities. The lease term is one year.
The asking rent is $800 per month.
The space is offered as a commercial lease in a downtown setting, with tenants responsible for their own utilities. The lease term is one year.
The asking rent is $800 per month.
Key Highlights
- 1,200 sq ft +/- commercial space on the 2nd floor in downtown Shelburne Falls
- Bright, versatile layout with an abundance of windows for natural light
- Includes a kitchen and bathroom within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,740
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,800
$334.8K
Cap Rate 7%
$239,143
$239.1K
Cap Rate 9%
$186,000
$186.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$28.8K $24.00/SF
− Vacancy
−$6.5K −$5.40/SF
EGI
$22.3K $18.60/SF
− OpEx
−$5.6K −$4.65/SF
NOI
$16.7K $13.95/SF
Area
Franklin County, MA
Vacancy
22.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,800
Cap Rate 7%
$239,143
Cap Rate 9%
$186,000
Alternative Uses
Best Use
Office B
$239.1K
$209.3K – $279.0K
NOI $16,740 @ 7.0% cap · market cap 2,092.50%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$497.6K
$435.4K – $580.5K
NOI $34,832 @ 7.0% cap · market cap 4,354.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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Business Placement
Demographics for 01370, MA
3,932
Population
1,945
Households
2
Avg Household Size
52
Median Age
50%
College-Educated
95%
High-School Grad
48.2 sq mi
ZIP Area
82
Density / Sq Mi
$76,715
Median Household Income
$39,367
Median Earnings
$1,057
Median Rent
$334,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Second-floor space with abundant windows, central air, a kitchen, and a bathroom, suited for office or studio use.
Where is this creative space located?
The property is located at 31 Bridge St Shelburne, MA.
What are key features of this property?
This property features: 1,200 sq ft +/- commercial space on the 2nd floor in downtown Shelburne Falls; Bright, versatile layout with an abundance of windows for natural light; Includes a kitchen and bathroom within the unit
