442 State St Belchertown, MA 01007

Property Details for 442 State St

Year built

1930

Lot size

3.10 lot acres

Property size

7,831 SF

Property type

Commercial real estate

Description

This exceptional Belchertown, MA mixed-use property at 442 State St offers a compelling investment opportunity. The property encompasses 7,831 square feet, distributed across two buildings on a 3.1-acre lot, zoned B1. Built in 1930 and renovated in 2008, the property features five units, including a fully leased modern office building with long-term tenants and a separate two-bedroom house available month-to-month. The office space boasts 47 parking spaces and a one-car garage. Significant energy savings are realized through owned solar panels generating approximately $7,000 annually in electricity credits, energy-efficient LED lighting, and a 7.2 kW ChargePoint EV charger. The property boasts a strong net operating income (NOI) of $92,000, resulting in a 9.95% cap rate. The asking price is $925,000, translating to $118.12 per square foot. The current occupancy date is October 17, 2024. This property presents a rare chance to acquire a sustainable, income-producing asset with substantial parking and convenient access via Route 202. The seller is open to retaining the current office space.