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    302-322 High St Holyoke, MA 01040

    For Sale
    $1,100,000

    Downtown Holyoke Mixed-Use Potential

    Property size:
    50,922 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a portfolio of three interconnected buildings totaling 50,922 square feet in downtown Holyoke, Massachusetts. Built in 1880, this six-story property, situated on a 0.26-acre lot, offers significant redevelopment potential. Currently zoned BC, the property is ideally located within an Opportunity Zone, the Downtown Smart Growth Zoning Overlay (40R) District, and the North High Street Historic District. The buildings boast a diverse range of uses, including bank, storefront, and traditional office spaces, making them suitable for a variety of adaptive reuse scenarios, including potential residential or mixed-use conversion. The prime location provides direct access to a public parking garage and is in close proximity to ongoing revitalization projects, numerous businesses, and municipal offices. Excellent highway access is available via Routes 5/141/202, I-90, I-91, and the Amtrak station. Seller financing may be available for qualified buyers. The asking price is $1,100,000, translating to $21.60 per square foot. This is a rare chance to acquire a substantial property in a rapidly developing area.

    Property Features for 302-322 High St

    General Information

    Property type
    Individual retail properties
    Square Feet
    50,922 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1880
    Buildings
    3
    Stories
    6

    HighLights

    • $1,100,000 asking price for a value‑add redevelopment opportunity.
    • Three‑building portfolio totaling 50,922 square feet of office and retail space in downtown Holyoke, MA.
    • Located in an Opportunity Zone, Downtown Smart Growth Zoning Overlay (40R) District, and North High Street Historic District.
    • Potential for residential or mixed‑use conversion.
    • Convenient access to major roadways (Routes 5/141/202, I‑90, I‑91) and Amtrak.
    • Seller financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.608591
    Latitude
    42.205722

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Holyoke Mixed-Use Potential
    Where is this individual retail property located?
    The property is located at 302-322 High St Holyoke, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for a value-add redevelopment opportunity.; Three-building portfolio totaling 50,922 square feet of office and retail space in downtown Holyoke, MA.; Located in an Opportunity Zone, Downtown Smart Growth Zoning Overlay (40R) District, and North High Street Historic District.
    Request Owner's contact information
    302-322 High St Holyoke, MA 01040
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    Holyoke, MA 01040
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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
    302-322 High St Holyoke, MA 01040
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