Property profile

500 Main St Hampden, MA 01036

FOR SALE
Retail space
Property ID
US38-1083400
3,600 SF 0.51 ac lot Built 1965
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 3,600 SF
500 Main St, Hampden, MA 01036
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Property summary

AI-generated overview

This exceptional 0.51-acre commercial land parcel is ideally situated at 500 Main Street in Hampden, Massachusetts, zip code 01036. Located in Hampden County, this property presents a unique opportunity for developers and investors seeking a prime location for various commercial ventures. The lot is currently vacant, offering a clean slate for new construction or redevelopment. Its size provides ample space for a range of projects, from small-scale retail establishments to larger-scale commercial developments. The property's address, 500 Main Street, ensures high visibility and accessibility, benefiting from existing infrastructure and convenient access to major roadways. The geographic coordinates are 42.0628107 latitude and -72.4196785 longitude. This is a rare opportunity to acquire a sizable, vacant commercial lot in a desirable Massachusetts location. The property is being offered for sale and is ready for immediate development. Serious inquiries are encouraged to explore the potential of this valuable asset. The property type is classified as land, with a commercial subtype. This presents a blank canvas for a wide array of commercial development possibilities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,600 SF
Lot 0.51 ac (22,290 SF)
Zoning code BUS
APN HAMP M:0036 B:0032 L:0
UPID US38-1083400

Cap rate & NOI

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

Location

500 Main St Hampden, MA 01036
Hampden metro Census 813500 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

BUS · Hampden, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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