2 Bridge DrAgawam, MA 01001

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 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.

• 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

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

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