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    202 Westfield Rd & Homestead Ave Rte Holyoke, MA 01040

    For Sale
    $549,000

    One-acre commercial parcel, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional one-acre commercial land parcel presents a compelling investment opportunity in Holyoke, Massachusetts. Strategically situated at the intersection of Westfield Road and Homestead Avenue (Route 202), this property boasts convenient access to major transportation arteries. It's less than a mile from the vital interchanges of I-91, I-90/Mass Pike, and I-391, ensuring seamless connectivity for businesses and their clientele. Furthermore, its proximity to Holyoke Community College (a quarter-mile away) provides a significant advantage, tapping into a substantial pool of potential employees and customers. The site is also conveniently located near a variety of amenities, including shops and restaurants, enhancing its overall appeal. Previously zoned for commercial use, this parcel offers immediate development potential. City utilities are readily available, including water, sewer, electricity (supplied by Holyoke Gas & Electric), and gas (also provided by Holyoke Gas & Electric). The asking price for this highly desirable property is $549,000. This presents a unique chance to acquire a well-positioned commercial lot with significant growth potential in a thriving community. The potential for assemblage adds further value to this already attractive investment.

    Property Features for 202 Westfield Rd & Homestead Ave Rte

    General Information

    Property type
    Land

    HighLights

    • One‑acre commercial land parcel with assemblage potential.
    • Previously zoned commercial.
    • Excellent location on Route 202, less than one mile from I‑91, I‑90/Mass Pike, and I‑391; 1/4 mile from Holyoke Community College.
    • City utilities available: water, sewer, electricity, and gas (Holyoke Gas & Electric).
    • Asking price: $549,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6449945
    Latitude
    42.1962284

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    FAQs

    What type of property is this?
    Land - One-acre commercial parcel, prime location.
    Where is this land located?
    The property is located at 202 Westfield Rd & Homestead Ave Rte Holyoke, MA.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: One-acre commercial land parcel with assemblage potential.; Previously zoned commercial.; Excellent location on Route 202, less than one mile from I-91, I-90/Mass Pike, and I-391; 1/4 mile from Holyoke Community College.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 Westfield Rd & Homestead Ave Rte Holyoke, MA 01040
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