Retail Property Near Interstate
For Sale
$750,000
915 Main Street, Holyoke, MA 01040
Two-unit retail property with established convenience store and restaurant.
Property Size2,520 SF
Price / SF$297.62
Days on Market199
Property Features for 915 Main Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
2,520 SF
Units
2
Listing Agency:
NAI Plotkin
Listed By:
David A. Wolos · License #95630
(413) 781-8000
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 9 at 4:43PM
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 NAI Plotkin
Investment Insights
Based on property information with market context.
This free-standing commercial property features two retail units, totaling approximately 2,520 square feet. One unit is occupied by a well-established convenience store with a beer and wine license, a limited seasonal liquor license, and high lottery sales. The existing equipment, including coolers, freezers, and display racks, will remain with the convenience store, presenting a turnkey opportunity. The second unit is leased to a fried chicken restaurant with a five-year lease at $1,200 per month. The property benefits from a prime location near Interstate 91, offering accessibility and exposure. Situated on a high-traffic artery, the property is near Marcotte Ford and approximately 0.5 miles from either Riverdale Street (Route 5) or the Interstate 391 exit ramp, providing great visibility.
Key Highlights
- High‑traffic location** near Interstate 91 and major routes (Route 5, I‑391) offering excellent accessibility and visibility.
- Turnkey convenience store** with established beer, wine, and lottery sales, including all existing equipment (coolers, freezers, racks).
- Existing convenience store tenant with a proven track record of success.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,405
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,100
$828.1K
Cap Rate 7%
$591,500
$591.5K
Cap Rate 9%
$460,056
$460.1K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$60.5K $24.00/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$59.1K $23.47/SF
− OpEx
−$17.7K −$7.04/SF
NOI
$41.4K $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%
$828,100
Cap Rate 7%
$591,500
Cap Rate 9%
$460,056
Alternative Uses
Best Use
Retail
$591.5K
$517.6K – $690.1K
NOI $41,405 @ 7.0% cap · market cap 5.52%
Second Best
Specialty Retail
$465.6K
$407.4K – $543.2K
NOI $32,591 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,719 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
135k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 26%
Shops & Services 13%
Apparel 5%
Stop & Shop
Groceries
28,427 visits/mo
0.5 miles
McDonald's
Dining
16,651 visits/mo
0.3 miles
Taco Bell
Dining
16,185 visits/mo
0.3 miles
Burger King
Dining
15,961 visits/mo
0.3 miles
Denny's
Dining
8,822 visits/mo
0.3 miles
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
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
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Two-unit retail property with established convenience store and restaurant.
Where is this grocery and convenience store located?
The property is located at 915 Main Street Holyoke, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑traffic location** near Interstate 91 and major routes (Route 5, I‑391) offering excellent accessibility and visibility.; Turnkey convenience store** with established beer, wine, and lottery sales, including all existing equipment (coolers, freezers, racks).; Existing convenience store tenant with a proven track record of success.
