For Sale
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Property summary
This exceptional 0.34-acre property at 630 Dwight Street in Holyoke, MA, presents a unique redevelopment opportunity. Situated on a prominent corner lot directly across from the U.S. Post Office and Veterans Park, this former three-bay service station boasts high visibility and significant traffic counts. The large, paved lot features multiple curb cuts, ensuring convenient access. The existing masonry building, potentially divisible for leasehold income, offers versatile space. A new roof was installed in June 2023, and the drive-thru canopy remains in place. All underground tanks have been removed, leaving the property clean and ready for its next chapter. The property's location offers easy access to city amenities, surrounding communities, and major routes and highways. Its proximity to recent and planned redevelopment projects further enhances its investment potential. While suitable for a variety of uses including retail, offices, contractor/service companies, and automotive sales/repair, deeded use restrictions prohibit petroleum/fuel sales. The property is available immediately and presents a compelling opportunity for investors and developers seeking a prime location in a revitalizing downtown area. The substantial lot size and existing building structure provide a solid foundation for a range of commercial ventures.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
BC - - - 80 - - - - - - - BG 10,000 Same as that of nearest residential district. 100 100 20 25 10 20 2 35 50 BH 10,000 - 100 100 30 25 10 10 2 35 7 50 BE 10,000 - 100 100 10 5 10 10 4 50 90 IG 10,000 - 100 100 - - - - 4…
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
Derived from the Holyoke market rent, vacancy and expense benchmarks for this use type.
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
BC · Holyoke, MABC - - - 80 - - - - - - - BG 10,000 Same as that of nearest residential district. 100 100 20 25 10 20 2 35 50 BH 10,000 - 100 100 30 25 10 10 2 35 7 50 BE 10,000 - 100 100 10 5 10 10 4 50 90 IG 10,000 - 100 100 - - - - 4…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
BC - - - 80 - - - - - - - BG 10,000 Same as that of nearest residential district. 100 100 20 25 10 20 2 35 50 BH 10,000 - 100 100 30 25 10 10 2 35 7 50 BE 10,000 - 100 100 10 5 10 10 4 50 90 IG 10,000 - 100 100 - - - - 4…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BC in Holyoke, MA.
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- Alternative use
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