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    270 Main St Agawam, MA 01001

    Sponsored
    For Sale
    $5,250,000

    106,240 SF Warehouse, High ROI

    Property size:
    106,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 106,240-square-foot industrial property in Agawam, Massachusetts, presents a compelling value-add investment opportunity. Situated on a 9.39-acre lot at 270 Main Street, this Class C, multi-tenant building boasts 100% occupancy with 22 tenants and a current NOI of $448,929, yielding an 8.55% cap rate. The property features five loading docks and is zoned for industrial use. Significant upside potential exists due to below-market rents, currently averaging $6.19 per square foot, compared to market rates of $8-$9 for warehouse space and $15-$18 for office space. The pro-forma NOI is projected at $604,000, representing an 11.50% cap rate. This property's strategic location directly across from Hood and its excellent highway access further enhance its appeal. Previous interest from national retail brands like Family Dollar and Dunkin' Donuts underscores its development potential. Additional income streams could be generated through the addition of contractor garages or rooftop solar installations. The property is located within an Opportunity Zone, offering potential tax advantages. Owner financing is available with favorable terms. This versatile property is ideal for investors seeking strong returns and significant upside potential. The building is a two-story structure. Rent bumps are included in the lease agreements.

    Property Features for 270 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    106,240 SF
    Class
    C
    Lot Size
    409,028 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • 106,240 SF industrial property on 9.39 acres in Agawam, MA, with excellent highway access.
    • Located in an Opportunity Zone.
    • Proven development potential; prior interest from national retailers.
    • Below‑market rents ($6.19/SF) offer significant upside potential.
    • $448,929 NOI, 8.5% cap rate.
    • Additional income potential through contractor garages and solar installations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agawam Community Center Event Venue Honest Homes LLC Property Management Company All Access Trading ... General Store NxTLvL Athletics Sports Complex Chem-X Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Agawam
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.618628
    Latitude
    42.0832652

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    FAQs

    What type of property is this?
    Distribution property - 106,240 SF Warehouse, High ROI
    Where is this distribution property located?
    The property is located at 270 Main St Agawam, MA.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: 106,240 SF industrial property on 9.39 acres in Agawam, MA, with excellent highway access.; Located in an Opportunity Zone.; Proven development potential; prior interest from national retailers.
    Request Owner's contact information
    270 Main St Agawam, MA 01001
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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
    270 Main St Agawam, MA 01001
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