77 Servistar Industrial Way Westfield, MA 01085
- Industrial properties
- 6.26 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 77 Servistar Industrial Way
- Lot size
- 6.26 lot acres
- Property type
- Industrial properties
- APN
- WFLD M:56-R L:101
- APU
- WFLDM56RL101
Description
This exceptional 30,780-square-foot industrial warehouse, situated at 77 Servistar Industrial Way in Westfield, Massachusetts, presents a compelling investment opportunity. The property boasts a desirable location, conveniently positioned just 2.5 miles from the Massachusetts Turnpike within a well-established industrial park. This strategically advantageous location ensures easy access to major transportation routes, facilitating efficient logistics and distribution. The warehouse itself features a substantial 23-foot clear ceiling height, providing ample vertical space for storage and operational flexibility. Four dock-high doors ensure smooth and efficient loading and unloading operations. The property sits on a generous 6.26-acre lot, offering potential for future expansion or additional development. The building is fully serviced with all utilities and benefits from a robust 3,200-amp electrical service. The property is zoned for industrial use, providing flexibility for a variety of businesses. This turnkey industrial space is ideal for companies seeking a functional, well-located, and spacious warehouse to support their operations. The asking price is $2,975,000. This represents a significant opportunity to acquire a high-quality industrial property in a prime location. The property is available for sale.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,980,000
- 6.5%
- $1,945,000
- 7%
- $2,275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,910,000
- Geo Method
- $2,110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,225,000
- Retail
- $1,850,000
- Mixed-Use
- $1,660,000
- Hospitality
- $1,900,000
- Educational
- $1,675,000
- Residential Income
- $1,975,000
- Energy
- $2,125,000
- Income-Based Land
- $1,985,000
- Food Service
- $1,870,000
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.7346
- Latitude
- 42.165
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
