261-263 Main St, Northampton, MA 01060
Exceptional investment opportunity: a 0.04-acre industrial property located at 261-263 Main Street in Northampton, Massachusetts, 01060. This property is zoned for commercial and warehouse use, offering significant potential for various business ventures. The asking price is $2,200,000. The building itself is a two-story structure featuring a three-bedroom apartment with a gourmet kitchen, office space, central air conditioning, and a rooftop deck. The first floor benefits from abundant natural light due to vaulted clerestory windows and expansive skylights. The convenient downtown location offers easy access to the Academy of Music, Pulaski Park, Smith College, galleries, cafes, restaurants, and live music venues. The second level includes a large primary bedroom with floor-to-ceiling windows, a walk-in closet, and an en-suite bathroom. Additional features on the second level include a laundry room, a full bathroom, and two more bedrooms. A finished basement provides extra space, potentially usable as an office or den, along with a full bathroom and ample storage. This property presents a unique blend of residential and commercial potential in a highly desirable location. The property's central location and versatile layout make it an attractive option for a variety of uses.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.