351 Walnut Street ExtAgawam, MA 01001

  • Other commercial real estate
  • 7,995 SF
For Sale
$895,000 View listing

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
351 Walnut Street Ext, Agawam, Massachusetts

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

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
$13,533
$161,800
$329,600
$491,400
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-
-
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