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41 Main St Northampton, MA 01062-4400

OFF-MARKET Office buildings Google Maps
6,842 SF 0.17 ac lot Built 1977
Entity Owned 19-yr Hold Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US38-1175058

Property summary

AI-generated overview

This exceptional 1,100 square foot office space, located at 41 Main Street in Northampton, Massachusetts, presents a unique opportunity for businesses seeking a prime location. Situated in the heart of Florence, this basement unit within a larger two-story building offers a versatile layout ideal for a variety of uses. The space is currently zoned General Business (GB) and features three private offices, one of which includes a private half-bath. Additionally, there's a large open workspace area complemented by a shared half-bath. The property sits on a 0.168-acre lot and is part of a 6,842 square foot building constructed in 1977. Utilities and dumpster usage are the responsibility of the tenant. A significant advantage is the sub-dividability of the space, allowing for flexible configurations to suit specific business needs. This single-tenant occupancy property offers a convenient and well-located space for businesses seeking a presence in Northampton's vibrant commercial district. The property's central location provides easy access to local amenities and transportation. This is an excellent opportunity to establish or expand your business in a thriving area. The property is available immediately.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction FRAME
Total area 6,842 SF
Lot 0.17 ac (7,331 SF)
Zoning code GB
APN NHAM M:023A B:0079 L:0001
UPID US38-1175058

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$345k

Owner & transaction history

since 2007
2 recorded transactions
2013
Price N/A
2007
$1

Zoning & alternative use

GB · Northampton, MA
Zoning description

Attachment 2 - Table of Use Regulations: GB, NB and M Districts Attachment 3 - Table of Dimensional and Density Regulations: GB, NB, M and EU-O Districts Attachment 4 - Table of Use and Dimensional Regulations: RR Distri…

General category COMMERCIAL

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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