915 Main St Holyoke, MA 01040
- Retail space
- 2,520 SF
- 0.69 lot acres
Current Use by Public Records
- ATM / Atm
Property Details for 915 Main St
- Year built
- 1955
- Construction
- STEEL FRAME
- Lot size
- 0.69 lot acres
- Property size
- 2,520 SF
- Zone code
- BH
- Property type
- Retail space
- APN
- HOLY M:0086 B:0000 L:15
- APU
- HOLYM0086B0000L15
Description
This exceptional investment opportunity presents a free-standing commercial building in Holyoke, MA, situated on a 1.49-acre lot at 915 Main Street. The property boasts approximately 2,520 square feet, divided into two thriving retail units. One unit is a well-established convenience store generating impressive sales. The store's annual revenue exceeds $500,000, with a net profit exceeding $85,000, plus an additional $50,000 in lottery sales. It holds a beer and wine license, a limited seasonal liquor license, and includes all existing equipment (coolers, freezers, display racks) in the sale, offering a true turnkey operation. The second unit is a thriving fried restaurant operating under a recently signed five-year lease at $1,200 per month. The property features a large paved parking lot accommodating 40+ vehicles, a portion of which is currently leased to an adjacent business for $500 per month, generating additional passive income. Benefitting from a high-traffic location near Al Marcotte Ford, and within 0.5 miles of both Riverdale Street (Route 5) and Interstate 391, this property offers unparalleled visibility and accessibility. The asking price for this lucrative investment is $750,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $285,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $485,000
- 6.5%
- $450,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $411,000
- AI Estimate
- $262,000
Market price range: $143k - $412kMarket price range: $86.2k - $263k
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Location Insight
- Map
- Local Demand
- City
- Holyoke
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6262
- Latitude
- 42.186
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA