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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

98 Lower Westfield Rd Holyoke, MA 01040

38,000 SF 2.2 ac lot Built 1985
Property ID
Property summary
AI-generated overview

This Class A, three-story building at 98 Lower Westfield Rd, Holyoke, MA 01040, offers 38,000 square feet of versatile office and retail space. Located on the access road to Holyoke Mall and across from Holyoke Crossing, this property boasts a prime location with excellent visibility and accessibility. The building features 13 suites, ranging from 4,000 to 14,500 contiguous square feet, making it ideal for businesses of various sizes. Built in 1985 and extensively renovated in 2021, the property includes modern amenities such as a newly updated façade, modernized Otis elevator, upgraded HVAC systems with ionization air filtration, and 240 parking spaces. The 12-foot ceilings provide ample space and light. Taxes are $3.34 per square foot. Currently, 10,000 square feet of space is available. The property sits on a 2.2-acre lot and is zoned BH in Hampden County. The building enjoys a diverse tenant mix, including established businesses and a co-working space. Its strategic location near I-91 and I-90 on-and-off ramps provides easy access to major transportation routes. The property offers a blend of modern amenities and a convenient location, making it an attractive option for businesses seeking high-quality office or retail space in the Springfield, MA submarket.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1985
Total area 38,000 SF
Lot 2.2 ac (95,832 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • H&R Block Tax Preparation
  • Hunt's Photo & Video Electronics & Wireless Store
  • Michel R. Vassallo, MT Alternative Medicine Practice Spa & Massage Center
  • Baystate Dental of Holyoke Dental Office
  • Webber and Grinnell Insurance, an Alera Group Company Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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