351 Walnut Street ExtAgawam, MA 01001
- Other commercial real estate
- 7,995 SF
Property Details for 351 Walnut Street Ext
- Year built
- 1960
- Construction
- STEEL FRAME
- Lot size
- 0.59 AC
- Property size (Sq ft)
- 7,995 SF
- Zone code
- BA
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- AGAW M:0J14 B:0004 L:1
- APU
- AGAWM0J14B0004L1
Description
This 7,995 square foot, single-story retail building in Agawam, MA, is available for sale or lease. Located at 351 Walnut St Ext, this multi-tenant property sits on a 0.59-acre lot and was built in 1960. Currently, it has 20% occupancy, with approximately 1,579 square feet leased to a pilates studio, leaving roughly 6,416 square feet immediately available. The asking price is $895,000, with a price per square foot of $111.94. The property is zoned Industrial A with a mixed-use business overlay, offering significant versatility. Features include overhead doors and a loading dock, making it suitable for a variety of uses including office, retail, and light industrial businesses. The lease type is NNN. This owner/user opportunity presents a unique chance to acquire a well-located property with significant potential in a thriving area. The property's adaptable layout and ample space make it an ideal investment for businesses seeking a flexible and functional space. The building's location near downtown Agawam provides excellent visibility and accessibility.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,943,064
- 6.5%
- $1,793,598
- 7%
- $1,665,484
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,632,459
- Geo Method
- $2,632,459
-
Alternative Use
- Use
- Valuation
- Residential
- $1,512,967
- Hospitality
- $1,385,869
- Educational
- $1,153,027
- Medical
- $1,192,681
- Retail
- $1,793,598
Location Insight
- City
- Agawam
- County
- Hampden
- State
- Massachusetts
- Latitude
- 42.0881
- Longitude
- -72.6288
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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