473 Holyoke St Ludlow, MA 01056-1934

Property Details for 473 Holyoke St

Year built

1924

Construction

FRAME

Lot size

2.38 lot acres

Property size

1,773 SF

Property type

Investment properties

Property subtype

Live-work space

APN

LUDL M:3 B:7250 P:95

APU

LUDLM3B7250P95

Description

This exceptional 4.63-acre property in Ludlow, Massachusetts, presents a unique redevelopment opportunity. The site boasts three buildings totaling 9,852 square feet of space, offering significant versatility. The main structure is a two-story, 5,559 square foot garage/warehouse, currently owner-occupied by a used car dealer, combined with a 1,773 square foot office/storage building (formerly residential). A separate 2,520 square foot garage is leased to two automotive tenants on an at-will basis. The property benefits from a highly visible 300+ foot frontage on busy Holyoke Street, connecting Ludlow and Chicopee. Its strategic location is just two miles from the Ludlow I-90 interchange and three miles from the I-291/Chicopee I-90 interchange, ensuring excellent accessibility. The property is zoned B1, allowing for a range of uses. The asking price is $1,800,000, translating to $182.70 per square foot. This presents a compelling investment opportunity for owner-users or value-add investors seeking a prime location with high visibility and significant redevelopment potential. The property's proximity to recent office and medical developments further underscores its growth potential. The existing automotive tenants provide immediate income potential, while the large lot size and multiple buildings offer flexibility for future expansion or repurposing. This is a rare opportunity to acquire a substantial property in a thriving location with excellent highway access.

Location Insight

City

Ludlow

County

Hampden

State

Massachusetts

Longitude

-72.5033

Latitude

42.1808

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments