16 Elm St Westfield, MA 01085
This stunning, historically significant two-story building, constructed in 1879, is located at 16 North Elm Street in Westfield, Massachusetts. Originally Westfield's train station, this 2,400 square foot building, plus a finished 2,400 square foot basement, currently functions as commercial office space, featuring ten offices and four bathrooms. The property boasts a desirable CORE zoning designation, allowing for a variety of commercial uses including restaurants, churches, specialty retail, financial institutions, or even conversion to residential units (subject to permits). Built of granite stone with original black walnut and pine interior finishes and ceilings, the building retains much of its historic charm, including a slate roof in good condition. Ample parking is available with over 30 spaces. Conveniently located in downtown Westfield, the property benefits from public water and sewer, natural gas, high-speed fiber cable access, and proximity to major highways. The potential for rail access also exists. This unique property presents a rare opportunity to own a piece of Westfield's history and capitalize on its versatile commercial potential. The asking price is $695,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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