125 Main St Northampton, MA 01062
- Retail space
- 15,050 SF
- 0.29 lot acres
Current Use by Public Records
- Retail space
Property Details for 125 Main St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.29 lot acres
- Property size
- 15,050 SF
- Zone code
- GB
- Property type
- Retail space
- APN
- NHAM M:017C B:0222 L:0001
- APU
- NHAMM017CB0222L0001
Description
This exceptional 7,975 square foot, single-story retail building, located at 125 S Main St, Northampton, MA 01062, presents a unique investment opportunity. Built in 1920 and boasting a Class B rating, the property features five suites, with one vacant suite of approximately 1,360 square feet currently available. The building sits on a 0.493-acre lot and offers 20 on-site parking spaces, a significant advantage in a high-traffic area. Its prime location at the corner of Main and Maple Streets in Northampton's Northhampton submarket ensures high visibility and accessibility. The General Business zoning allows for diverse uses, including restaurant, retail, or office space. The vacant suite, previously a counter-service restaurant, benefits from excellent visibility at a signalized intersection. Recent building improvements enhance its appeal. Ample free street parking is available on Main and Maple Streets, supplementing the on-site parking. The property's established tenant base, including the local Post Office, guarantees consistent foot traffic. This is a rare opportunity to acquire a well-located, versatile retail space in a thriving downtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $845,000
- 6.5%
- $760,000
- 7%
- $800,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $830,000
- Geo Method
- $780,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $700,000
- Retail
- $740,000
- Mixed-Use
- $885,000
- Hospitality
- $825,000
- Educational
- $675,000
- Residential Income
- $800,000
- Energy
- $910,000
- Income-Based Land
- $735,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Northampton
- County
- Hampshire
- State
- Massachusetts
- Longitude
- -72.6717
- Latitude
- 42.3357
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA