441 Silver StAgawam, MA 01001

Property Details for 441 Silver St

Lot size

0.44 AC

Zone code

IB

Property type

Retail properties

Property subtype

Auto shops

APN

AGAW M:00H8 B:0005 L:3

APU

AGAWM00H8B0005L3

Description

This exceptional Agawam, MA property offers a rare opportunity to acquire a versatile industrial space. The 2,700 square foot property, situated on a 0.76-acre lot, features two buildings: a sizable two-bay garage and a renovated single-family ranch home. The garage boasts two 10-foot high, 12-foot wide garage doors, steel beam and chain hoist, and 220 electrical service, ideal for various industrial uses. The 18,341 square foot yard provides ample space for storage or expansion. The garage also features a newer roof. The accompanying ranch home offers over 1,700 square feet of living space, including three bedrooms and two bathrooms. Recent renovations include an updated kitchen and bathrooms, a finished basement adding extra living area, newer windows, siding, roof, and a gas forced hot air system with central air. Energy costs are reduced by the inclusion of solar panels. The property also includes a gazebo. Both the garage and the home are situated within an IA-zoned area, allowing for a wide range of permitted uses. The property includes 22 parking spaces. Built in 1941, this property presents a unique blend of industrial and residential potential, making it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,658,007

  6.5%

  $4,299,699

  7%

  $3,992,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,310,658

  Geo Method

  $6,310,658

• Alternative Use

  Use

  Valuation

  Residential

  $3,626,957

  Hospitality

  $3,322,273

  Educational

  $2,764,092

  Medical

  $2,859,154

  Retail

  $4,299,699

Location Insight

City

Agawam

County

Hampden

State

Massachusetts

Latitude

42.0593

Longitude

-72.6439

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].