For Lease
Property summary
This exceptional 2-acre commercial pad site, located at 420 Union Street in Westfield, Massachusetts (APN 8942, Hampden County, zip code 01085), presents a unique investment opportunity. The property boasts a highly visible location just off Route 20, enjoying exposure to over 40,000 vehicles daily. Zoned for business use, this single-tenancy site offers flexibility for various commercial ventures. The existing building comprises 9,804 square feet, with 2,500 square feet currently vacant. Development plans have already been approved for a building with a drive-thru up to 2,500 square feet, or a 5,000 square foot building without a drive-thru. The property is ideally suited for retail, office, or medical office uses. Ample free parking is available, ensuring convenient access for customers and employees. The owner is open to considering a ground lease or a build-to-suit arrangement for a qualified tenant. This prime location and flexible development options make this pad site an attractive proposition for businesses seeking a high-visibility presence in a thriving Westfield market. The cross street is Springfield Street.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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