2 Bridge DrAgawam, MA 01001

  • Office properties
  • 28,898 SF
For Lease
$17/SF/YR View listing

Property Details for 2 Bridge Dr

Year built
1975
Construction
STEEL FRAME
Lot size
3.98 AC
Property size (Sq ft)
28,898 SF
Zone code
IA
Property type
Office properties
Property subtype
Office buildings
APN
AGAW M:0N13 B:0008 L:2
APU
AGAWM0N13B0008L2

Description

This single-story, 28,898 square foot Class B office building, constructed in 1975, offers multiple tenancy options in Agawam, MA. Situated on a 3.98-acre lot and zoned Industrial A, the property provides excellent accessibility. Currently, 1,100 square feet of vacant space is immediately available, divisible to a minimum of 1,100 square feet and a maximum contiguous space of 1,100 square feet. The building features one suite, offering flexible layouts to accommodate various business needs. One available suite includes a reception/waiting area, two private offices, and a large conference room/additional office space. Alternatively, three individual offices sharing a private bathroom are also available for lease. All available spaces are conveniently located on the first floor. The property boasts abundant on-site parking, a significant advantage for employees and clients. This location offers easy access via the rotary, making it an ideal choice for businesses seeking convenient access and ample space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,777,702
    6.5%
    $4,410,187
    7%
    $4,095,174
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,775,813
    Geo Method
    $3,775,813
  • Alternative Use

    Use
    Valuation
    Residential
    $5,468,632
    Hospitality
    $5,009,238
    Educational
    $4,167,627
    Medical
    $4,310,958
    Retail
    $6,482,975
2 Bridge Dr, Agawam, Massachusetts

Location Insight

City
Agawam
County
Hampden
State
Massachusetts
Latitude
42.0823
Longitude
-72.5892
CBSA code
44140
CBSA name
SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$52,651
$364,200
$1,547,600
$1,911,800
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-
-
-

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