90 Sargeant St Holyoke, MA 01040-5602
- Manufacturing properties
- 15,686 SF
- 0.27 lot acres
Current Use by Public Records
- Berger Decorating Co Inc / Interior Design / Home Decor Store
Property Details for 90 Sargeant St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.27 lot acres
- Property size
- 15,686 SF
- Zone code
- IG
- Property type
- Manufacturing properties
- APN
- HOLY M:0018 B:0001 L:18
- APU
- HOLYM0018B0001L18
Description
This distressed property at 90 Sargeant St, Holyoke, MA 01040 presents a unique redevelopment opportunity. The 23,000 square foot industrial building, classified as Class D, sits on a 0.268-acre lot and features five units, each priced at $89,800. Built in 1900, the three-story structure boasts a 12-foot ceiling height, two loading docks, and two dock-high doors. Currently vacant, the property offers significant potential for repositioning. The building is zoned IG and is offered at $19.52 per square foot. The sale is a NNN lease type with no tenant credit rating. The property's current NOI and pro-forma NOI are both $0, resulting in a 0% cap rate. This presents a chance to create substantial value through renovation and lease-up. The property's location in Holyoke, Hampden County, Massachusetts provides access to key transportation routes and a growing industrial market. This is an ideal investment for developers seeking a high-return project in a desirable location. The property requires significant capital investment to bring it up to modern standards.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $986,000
Market price range: $421k - $1.32M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $880,000 Current use
- COMMERCIAL (GENERAL)
- $1,105,000 Change: +26% Conversion: Difficult
- OFFICE BUILDING
- $900,000 Change: +2% Conversion: Difficult
- WAREHOUSE, STORAGE
- $800,000 Change: -9% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Holyoke
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6128
- Latitude
- 42.1994
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA