Property profile

406 N Main St East Longmeadow, MA 01028

FOR LEASE
Commercial real estate
Property ID
US38-0879889
27,200 SF 13.22 ac lot Built 1974
Entity Owned 3-yr Hold Free & Clear
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For Lease
Contact for pricing 2,376 SF available
406 N Main St, East Longmeadow, MA 01028
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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

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Discount Store

Location

406 N Main St East Longmeadow, MA 01028
East Longmeadow metro Census 813401 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k

Owner & transaction history

since 2023
Last sale
$952,000
7 recorded transactions
2023
$27.3M
2023
$952,000
2013
$27.3M
2013
$861,400
2009
Price N/A
2009
$1
1999
Price N/A

Zoning & alternative use

MULT · East Longmeadow, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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