Property profile

120 River Rd Northampton, MA 01053

FOR SALE
Industrial properties
Property ID
US38-1129902
15.06 ac lot
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 120 River Rd in Northampton, Massachusetts (zip code 01053), presents a significant investment opportunity. The 82,000 square foot warehouse, constructed in 1970, sits on a substantial 33.02-acre lot. The building features three loading docks and three dock-high doors, providing ample access for efficient loading and unloading. Currently, 60,000 square feet of space is available, offering potential for expansion or multiple tenants. The property benefits from existing solar income generation. All utilities are connected, including water, sewer, and gas, with gas forced-air heating. The asking price is $2,870,000, translating to $35 per square foot. The property's location in Northampton, Hampshire County, offers convenient access to major transportation routes. This is a rare opportunity to acquire a large-scale industrial property with significant potential for growth and income generation. The property is zoned for industrial use. Further details regarding lease rates ($3.95/SF NNN) are available upon request.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 15.06 ac (656,014 SF)
Zoning code RR
APN NHAM M:0005 B:0028 L:0001
UPID US38-1129902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Swimming Basin

Location

120 River Rd Northampton, MA 01053
Northampton metro Census 821700 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.62M

Owner & transaction history

since 2021
Last sale
$2.2M
7 recorded transactions
2021
$2.2M
2017
Price N/A
2015
$1.1M
2012
Price N/A
2005
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

RR · Leeds, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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