195 Appleton St Holyoke, MA 01040
- Manufacturing properties
- 166,494 SF
- 2.83 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 195 Appleton St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 2.83 lot acres
- Property size
- 166,494 SF
- Zone code
- IG
- Property type
- Manufacturing properties
- APN
- HOLY M:0021 B:0001 L:7
- APU
- HOLYM0021B0001L7
Description
This exceptional redevelopment opportunity presents a substantial 230,000-square-foot warehouse in Holyoke, Massachusetts. Located at 195 Appleton Street, this Class C, vacant property boasts a rich history housed within a four-story brick and beam structure built in 1889. The 3.66-acre lot features two loading docks and a 14-foot ceiling height. Zoned IG, this property offers significant potential, situated conveniently near major highways and between two canals enhanced by new pedestrian walkways. Unique to this offering are deeded water rights to draw from the Second Canal, along with the availability of Hydro and Redevelopment Grants. The property's proximity to the Massachusetts Green High Performance Computing Center, a leading Northeast facility, further enhances its appeal. With ample parking for 80 cars, this is a rare chance to acquire a substantial industrial property in a thriving location, ideal for adaptive reuse and sustainable development within a designated Chapter 40R Smart Growth District and Opportunity Zone. The asking price is $2,290,000, translating to $10.83 per square foot. This is a truly unique opportunity to acquire a piece of Holyoke's industrial heritage and transform it into a modern, sustainable asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $560,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $680,000
- Geo Method
- $625,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $690,000
- Retail
- $555,000
- Mixed-Use
- $695,000
- Hospitality
- $675,000
- Educational
- $670,000
- Residential Income
- $565,000
- Energy
- $575,000
- Income-Based Land
- $650,000
- Food Service
- $530,000
Location Insight
- Map
- Local Demand
- City
- Holyoke
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.606
- Latitude
- 42.2039
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA