85 Elm St West Springfield, MA 01089-2704
Exceptional investment opportunity: a 11,578 square foot, two-story warehouse located at 85 Elm Street in West Springfield, Massachusetts. This free-standing commercial building sits on a 0.2-acre corner lot in the heart of the downtown area, offering high visibility and excellent foot traffic. The property boasts 25 deeded parking spaces, a significant advantage in this location. Constructed of stone and concrete, the building features a membrane roof and is serviced by public water and sewer. The building's prime location offers easy access to major highways and public transportation, placing it within the central business district and near City Hall, police and fire departments, schools, restaurants, banks, and national brand stores. Currently housing several long-term tenants, including a major credit union with recently remodeled first-floor space, this property presents a strong revenue-generating opportunity. The APN is M:00102 B:05300 L:00041. This income-producing asset is zoned for commercial use and represents a compelling addition to any investment portfolio or a solid foundation for a new one. Detailed financial statements are available upon request.
-
Holyoke Credit Union Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.