202 Westfield Rd & Homestead Ave Rte Holyoke, MA 01040
This exceptional one-acre commercial land parcel presents a compelling investment opportunity in Holyoke, Massachusetts. Strategically situated at the intersection of Westfield Road and Homestead Avenue (Route 202), this property boasts convenient access to major transportation arteries. It's less than a mile from the vital interchanges of I-91, I-90/Mass Pike, and I-391, ensuring seamless connectivity for businesses and their clientele. Furthermore, its proximity to Holyoke Community College (a quarter-mile away) provides a significant advantage, tapping into a substantial pool of potential employees and customers. The site is also conveniently located near a variety of amenities, including shops and restaurants, enhancing its overall appeal. Previously zoned for commercial use, this parcel offers immediate development potential. City utilities are readily available, including water, sewer, electricity (supplied by Holyoke Gas & Electric), and gas (also provided by Holyoke Gas & Electric). The asking price for this highly desirable property is $549,000. This presents a unique chance to acquire a well-positioned commercial lot with significant growth potential in a thriving community. The potential for assemblage adds further value to this already attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.