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    424 State Rd Whately, MA

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    8,300 SF retail property fully leased to cannabis retailer.

    Type:OFFICE
    Property size:
    8,300 SF
    Lot size:
    1.32 Acres
    Price / SF:
    $168/SF
    Added:
    Oct 31, 2024
    Days on Market:
    547
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 424 State Rd

    General Information

    Standard status
    Active
    Size
    8,300 SF
    Lot size
    1.32 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Mitch Bolotin

    Listing agent Mitch Bolotin

    Listing office Region Commercial

    Listing date Oct 31, 2024

    Source Moodyscre

    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 Region Commercial


    Overview

    Retail Property on Busy Corner

    This approximately 8,300 square foot retail property is located on the busy 5 & 10 in Whately, MA. The building, a condo at 420 State Road, sits at the corner of a busy intersection, just off of Exit 35 on I-91. Recent improvement projects include a fully renovated store area with new mechanicals, electrical, and plumbing. The property is fully leased to cannabis retailer, Cheech & Chong's Dispensaries on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking and access off both 116 and Route 10.
    Location Intelligence

    Current Use by Public Records

    Dr. Adele M. ... Pediatrician Deerfield Adult Medicine: ... Physician ChargePoint Charging Station Electric Vehicle Charging Station Deerfield Pediatrics Pediatrician Randhawa Sanjeevan MD Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whately
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.614
    Latitude
    42.4701

    FAQs

    What type of property is this?
    Retail space - 8,300 SF retail property fully leased to cannabis retailer.
    Where is this retail space located?
    The property is located at 424 State Rd Whately, MA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Fully leased to Cheech & Chong's Dispensaries, offering immediate income on a net lease basis.; High entry cap rate of approximately 9.3% based on 2023 figures.; Located at a busy intersection off Exit 35 on I‑91, offering high visibility.
    (413) 537-2020 Call to check price and availability
    More about this property
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