Auto Sales Property For
For Sale
Contact for pricing
447 Center St, Ludlow, MA
1449 SF auto sales property with mechanic lifts.
Property Size1,449 SF
Lot Size0.28 Acres
Price / SF$310.49
Days on Market801
Property Features for 447 Center St
General Information
Standard status
Active
Size
1,449 SF
Lot size
0.28 Acres
Property subtype
RETAIL
Listing Agency:
RJ Greeley Company
(413) 734-7923
Listed By:
Brendan Greeley
(413) 478-1005
Source:
Moodyscre
Added: Aug 22, 2024
Changed: Oct 25
Last Checked: Oct 30 at 4:32PM
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 RJ Greeley Company
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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.
Located on Center Street in Ludlow, MA, this property is currently occupied by Ludlow Auto Sales. It features approximately 1,449 square feet of office space and a garage equipped with two auto mechanic lifts. The property includes a Class II used car dealer license, permitting the purchase and sale of up to 25 second-hand motor vehicles. Situated along a heavily trafficked street, the location benefits from high visibility, with approximately 15,000 vehicles passing daily. The property also offers convenient access to the Massachusetts Turnpike.
Key Highlights
- High visibility location with 15,000+ vehicles passing daily.
- Class II used car dealer license included (up to 25 vehicles).
- Garage equipped with two auto mechanic lifts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,808
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,160
$476.2K
Cap Rate 7%
$340,114
$340.1K
Cap Rate 9%
$264,533
$264.5K
Market Conditions
NOI Build-Up for 1,449 SF
Gross rent
$34.8K $24.00/SF
− Vacancy
−$765 −$0.53/SF
EGI
$34.0K $23.47/SF
− OpEx
−$10.2K −$7.04/SF
NOI
$23.8K $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%
$476,160
Cap Rate 7%
$340,114
Cap Rate 9%
$264,533
Alternative Uses
Best Use
Retail
$340.1K
$297.6K – $396.8K
NOI $23,808 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$110.6K
$96.7K – $129.0K
NOI $7,739 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$893.0K
$781.4K – $1.04M
NOI $62,513 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 22%
Hotels & Casinos 4%
Taco Bell
Dining
13,068 visits/mo
0.3 miles
Burger King
Dining
12,795 visits/mo
0.2 miles
Shell
Shops & Services
6,363 visits/mo
0.5 miles
Holiday Inn Express Ludlow - Chicopee Area
Hotels & Casinos
1,369 visits/mo
0.3 miles
KeyBank
Shops & Services
1,188 visits/mo
0.3 miles
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?
Automotive property - 1449 SF auto sales property with mechanic lifts.
Where is this automotive property located?
The property is located at 447 Center St Ludlow, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: High visibility location with 15,000+ vehicles passing daily.; Class II used car dealer license included (up to 25 vehicles).; Garage equipped with two auto mechanic lifts.
