19 Wemelco Way Easthampton, MA 01027-1935
- Warehouses
- 15,723 SF
- 2.66 lot acres
Current Use by Public Records
- Warehouses
Property Details for 19 Wemelco Way
- Year built
- 1961
- Construction
- STEEL FRAME
- Lot size
- 2.66 lot acres
- Property size
- 15,723 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- EHAM M:00164 B:00002 L:00000
- APU
- EHAMM00164B00002L00000
Description
This exceptional investment opportunity encompasses four established cannabis businesses in Easthampton, Massachusetts, offering diverse revenue streams and significant growth potential. The portfolio includes two fully operational dispensaries equipped for credit card transactions, a thriving delivery service with five vehicles, a state-of-the-art warehouse, secure vault, and proprietary software, and a substantial 17,000-square-foot manufacturing and processing facility situated on two acres. The manufacturing facility currently holds a non-operational cultivation license, presenting a valuable future expansion opportunity. All businesses possess complete licensing and build-outs, eliminating significant upfront costs and time investment. Real estate is included in three of the four business locations, offering a unique combination of operational assets and property ownership. The portfolio represents a turnkey solution for investors seeking immediate returns and long-term growth within the thriving Massachusetts cannabis market. The seller is open to outright sale or, preferably, a joint venture partnership to leverage the existing infrastructure and capitalize on future market expansion. This represents a rare opportunity to acquire a fully operational, multi-faceted cannabis business portfolio with significant upside potential. The square footage of the included real estate varies from 1,000 to 100,000 square feet, depending on the specific location and business acquired. The current occupancy rate across all four businesses is 100%. This is a triple net (NNN) lease arrangement for the real estate component. The property is located at 19 Wemelco Way, Easthampton, MA 01027. This is a single-tenancy property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $525,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $585,000
- Retail
- $490,000
- Mixed-Use
- $515,000
- Hospitality
- $560,000
- Educational
- $505,000
- Residential Income
- $560,000
- Energy
- $555,000
- Income-Based Land
- $530,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Easthampton
- County
- Hampshire
- State
- Massachusetts
- Longitude
- -72.6895
- Latitude
- 42.2541
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA