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270 Main St Agawam, MA 01001

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106,240 SF Warehouse, High ROI

Property size:
106,240 SF

Property Features for 270 Main St

General Information

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

Building Details

Buildings
1
Stories
2

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Listing Contact
Mark C Difranco
Mark C Difranco

Listing Agency: DiFranco Realty Inc Listing Agent: Mark C Difranco

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Agawam Community Center Hotel & Motel Honest Homes LLC Property Management Company All Access Trading ... Department Store NxTLvL Athletics Gym & Fitness Center Chem-X Industrial Manufacturer

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

FAQs

What type of property is this?
Distribution center - 106,240 SF Warehouse, High ROI
Where is this distribution center 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.
(413) 531-5956 Call to check price and availability
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