442 State St, Belchertown, MA 01007

This exceptional Belchertown, MA mixed-use property at 442 State St offers a compelling investment opportunity. The property encompasses 7,831 square feet, distributed across two buildings on a 3.1-acre lot, zoned B1. Built in 1930 and renovated in 2008, the property features five units, including a fully leased modern office building with long-term tenants and a separate two-bedroom house available month-to-month. The office space boasts 47 parking spaces and a one-car garage. Significant energy savings are realized through owned solar panels generating approximately $7,000 annually in electricity credits, energy-efficient LED lighting, and a 7.2 kW ChargePoint EV charger. The property boasts a strong net operating income (NOI) of $92,000, resulting in a 9.95% cap rate. The asking price is $925,000, translating to $118.12 per square foot. The current occupancy date is October 17, 2024. This property presents a rare chance to acquire a sustainable, income-producing asset with substantial parking and convenient access via Route 202. The seller is open to retaining the current office space.