120 Riv Rd Northampton, MA 01053
- Industrial properties
- 15.06 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 120 Riv Rd
- Lot size
- 15.06 lot acres
- Zone code
- RR
- Property type
- Industrial properties
- APN
- NHAM M:0005 B:0028 L:0001
- APU
- NHAMM0005B0028L0001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,195,000
- 6.5%
- $2,035,000
- 7%
- $1,955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,855,000
- Geo Method
- $2,410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,305,000
- Retail
- $1,900,000
- Mixed-Use
- $1,865,000
- Hospitality
- $2,375,000
- Educational
- $2,270,000
- Residential Income
- $1,890,000
- Energy
- $2,165,000
- Income-Based Land
- $2,070,000
- Food Service
- $2,375,000
Location Insight
- Map
- Local Demand
- City
- Leeds
- County
- Hampshire
- State
- Massachusetts
- Longitude
- -72.7026
- Latitude
- 42.3589
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA