21 Locust St, Unit 1A, Northampton, MA 01060
- Investment properties
- 8,820 SF
- 0.25 lot acres
Current Use by Public Records
- Investment properties
Property Details for 21 Locust St
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Zone code
- NB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- NHAM M:024A B:0221 L:0001
- APU
- NHAMM024AB0221L0001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 16, 2026 | $599,900 | Jahjan LLC | Westgate LLC | Quitclaim Deed | — |
| Mar 2, 2006 | $1,250,000 | Westgate,nancy M | Corliss,leonard M | Grant Deed | — |
| Mar 2, 2006 | $1 | Westgate LLC | Westgate,nancy M | Grant Deed · related | — |
| Mar 2, 2006 | — | Westgate LLC | — | Deed Of Trust · related | $782k · Virginia L Corliss |
Description
This turnkey branch bank opportunity presents a unique chance to establish or relocate your financial institution in a high-traffic area of Northampton, Massachusetts. Located at 21 Locust Unit 1A, this 3000+ square foot property sits directly across from Cooley Dickinson Hospital, ensuring high visibility and accessibility to a substantial customer base. The property features a well-designed layout, including a spacious lobby complete with a teller line, providing immediate functionality for banking operations. Four private offices offer ample space for administrative staff and client meetings, while a convenient drive-up window and ATM cater to customer convenience. A dedicated break room adds to the functionality and comfort of the space. The property is situated on a 0.25-acre lot, offering ample parking and convenient access. Its strategic location between Downtown Northampton and the Florence Center, on Route 9, ensures excellent exposure to a diverse range of potential clients. This is a rare opportunity to acquire a fully equipped and ready-to-use banking facility in a prime location, minimizing setup time and maximizing operational efficiency. The asking price is $20 million. This property is offered as-is.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,410,000
- 6.5%
- $1,300,000
- 7%
- $1,210,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,241,000
- AI Estimate
- $1,077,000
Market price range: $1.15M - $1.88MMarket price range: $533k - $1.72M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,385,000 Current use
- RETAIL STORES
- $1,375,000 Change: -1% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Northampton
- County
- Hampshire
- State
- Massachusetts
- Longitude
- -72.6529
- Latitude
- 42.3318
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
