Agawam Industrial Investment
For Sale
Contact for pricing
270 Main St, Agawam, MA 01001
106,240 sq ft property with 8.36% cap rate.
Property Size106,240 SF
Lot Size9.39 Acres
Price / SF$49.42
Days on Market731
Property Features for 270 Main St
General Information
Standard status
Active
Size
106,240 SF
Class
C
Lot size
9.39 Acres
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$438,865
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
DiFranco Realty Inc
Listed By:
Mark C DiFranco · License #MA, CT, NY
(413) 531-5956
Source:
Crexi
Added: Sep 3, 2024
Changed: Aug 14
Last Checked: Sep 1 at 1:29AM
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 DiFranco Realty Inc
Investment Insights
Based on property information with market context.
Located at 270 Main St. in Agawam, MA, this property presents a significant investment opportunity within a robust industrial market. The expansive 106,240 sq. ft. building sits on 9.39 acres. Situated within an Opportunity Zone, the site offers potential tax benefits for investors and provides convenient access to major highways, located directly across from Hood. The acreage has previously attracted retail development interest from national brands such as Family Dollar and Dunkin' Donuts. The property is suitable for generating additional income through the addition of contractor garages or rooftop solar installations. The existing warehouse generates a gross scheduled income of $716,604 per year and a net operating income (NOI) of $438,864, resulting in an 8.36% cap rate. Investors can capitalize on below-market rent rates to increase overall returns. Owner financing is available.
Key Highlights
- Strong Baseline Financials: Generates $438,864 NOI with an 8.36% cap rate.
- Strategic Location: Situated in an Opportunity Zone with excellent highway access.
- Expansive Property: 106,240 sq. ft. on 9.39 acres in a strong Agawam industrial market.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01001, MA
16,984
Population
7,033
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,503
Density / Sq Mi
$71,924
Median Household Income
$54,266
Median Earnings
$1,305
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - 106,240 sq ft property with 8.36% cap rate.
Where is this warehouse 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: Strong Baseline Financials: Generates $438,864 NOI with an 8.36% cap rate.; Strategic Location: Situated in an Opportunity Zone with excellent highway access.; Expansive Property: 106,240 sq. ft. on 9.39 acres in a strong Agawam industrial market.
