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    Property profile & analytics
    OFF-MARKET Estimated value $1,055,000
    Commercial real estate

    406 Main St 436, East Longmeadow, MA 01028-1850

    27,200 SF 13.22 ac lot Built 1974
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US38-0879889
    Property summary
    AI-generated overview

    Heritage Park Plaza, located at 406 North Main Street in East Longmeadow, Massachusetts (zip code 01028), offers exceptional retail opportunities. This 117,337 square foot neighborhood shopping center boasts a strong tenant mix, anchored by a Stop & Shop supermarket that has been a fixture since 1995 and holds the #1 market share in New England. The property, situated on a 47.51-acre lot, benefits from its high-traffic location on North Main Street. The center's success is further evidenced by the presence of national and regional brands such as Petco, Dollar Tree, Panera Bread, and 99 Restaurant. Currently, there are two available retail spaces, each offering a flexible footprint ranging from 2,376 to 2,437 contiguous square feet. A total of 4,813 square feet is currently vacant. The building was constructed in 1974 and underwent renovations in 1995. This property presents a unique chance to establish a presence in a thriving retail environment within Hampden County, Massachusetts. The minimum divisible space is 2,376 square feet. This is an excellent opportunity for businesses seeking high visibility and strong foot traffic in a well-established shopping center.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1974
    Construction STEEL FRAME
    Total area 27,200 SF
    Lot 13.22 ac (575,863 SF)
    Zoning code MULT
    APN ELON M:0013 B:0014 L:000D
    UPID US38-0879889
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Heritage Park Plaza Shopping Center & Mall
    • Dollar Tree Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.06M
    Owner & transaction history
    So-heritage Park Jv LLC · 3 yrs held
    So-heritage Park Jv LLC
    since 2023
    Last sale
    $952,000
    7 recorded transactions
    2023
    $27.3M
    2023
    $952,000
    2013
    $27.3M
    2013
    $861,400
    2009
    2009
    $1
    1999
    Zoning & alternative use
    MULT · East Longmeadow, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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