NNN Bank Ground
For Sale
Contact for pricing
43 King St, Northampton, MA 01060
Masonry branch with drive-through access and on-site parking in an established downtown setting.
Property Size3,450 SF
Lot Size0.34 Acres
Price / SF$330.43
Days on Market222
Property Features for 43 King St
General Information
Standard status
Active
Size
3,450 SF
Class
A
Total Parking Spaces
16
Lot size
0.34 Acres
Property subtype
Land, Mixed Use, Retail
Zoning
CB-SS
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Redevelopment
Net Operating Income
$45,459
Site & Location
Drive-Thru
Yes
Road Access
Yes
Amenities
multiple curb cuts
on-site parking
Building Details
Year Built
1995
Year Renovated
2022
Buildings
1
Stories
1
Units
16
Tenancy
Single
Construction
masonry
Listing Agency:
SAB Capital
Listed By:
Asher Wenig · License #10301219652
(646) 809-8856
Source:
Crexi
Added: Mar 9
Changed: Oct 6
Last Checked: Oct 14 at 8:59PM
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 SAB Capital
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 3,450-square-foot masonry bank branch constructed in 1995 on a 0.34-acre parcel at 43 King St. in Northampton. M&T Bank occupies the building under an absolute NNN ground lease, and the site includes on-site parking, multiple curb cuts, and a drive-through configuration.
Zoned CB-SS, the property is within Northampton’s Central Business District and supports residential, retail, office, and service uses under the stated form-based code. Building heights may reach 70 feet, with step-backs required above 55 feet. These provisions support consideration of vertical redevelopment, adaptive reuse, or future re-tenanting while the existing bank use remains in place.
The site fronts King Street in downtown Northampton and is adjacent to a planned mixed-income multifamily redevelopment at the former courthouse parcel. The existing lease structure and flexible zoning combine current occupancy with defined redevelopment considerations.
Zoned CB-SS, the property is within Northampton’s Central Business District and supports residential, retail, office, and service uses under the stated form-based code. Building heights may reach 70 feet, with step-backs required above 55 feet. These provisions support consideration of vertical redevelopment, adaptive reuse, or future re-tenanting while the existing bank use remains in place.
The site fronts King Street in downtown Northampton and is adjacent to a planned mixed-income multifamily redevelopment at the former courthouse parcel. The existing lease structure and flexible zoning combine current occupancy with defined redevelopment considerations.
Key Highlights
- Absolute NNN ground lease with M&T Bank
- 3,450‑square‑foot masonry bank branch built in 1995
- 0.34‑acre parcel at 43 King St., Northampton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,917
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,340
$1.5M
Cap Rate 7%
$1,084,529
$1.1M
Cap Rate 9%
$843,522
$843.5K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$103.5K $30.00/SF
− Vacancy
−$2.3K −$0.66/SF
EGI
$101.2K $29.34/SF
− OpEx
−$25.3K −$7.34/SF
NOI
$75.9K $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%
$1,518,340
Cap Rate 7%
$1,084,529
Cap Rate 9%
$843,522
Alternative Uses
Best Use
Specialty Retail
$1.08M
$949.0K – $1.27M
NOI $75,917 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$1.01M
$885.7K – $1.18M
NOI $70,856 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,069 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,514
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
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
Frequently Asked Questions
What type of property is this?
NNN property - Masonry branch with drive-through access and on-site parking in an established downtown setting.
Where is this nnn property located?
The property is located at 43 King St Northampton, MA.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: Absolute NNN ground lease with M&T Bank; 3,450‑square‑foot masonry bank branch built in 1995; 0.34‑acre parcel at 43 King St., Northampton
