351 Walnut Street ExtAgawam, MA 01001

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,512,400

  6.5%

  $1,396,060

  7%

  $1,296,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,086,410

  Geo Method

  $1,086,410

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,722,450

  Mixed-Use / Specialty

  $1,391,080

  Hospitality / Lodging

  $1,020,590

  Office

  $1,382,820

  Institutional / Educational

  $1,446,170

  Residential Income

  $1,692,010

  Multifamily

  $2,029,310

  Automotive / Energy

  $1,239,570

  Parking / Income-Based Land

  $427,761

  Restaurant / Food Service

  $723,513

  Healthcare / Senior Housing

  $1,426,530

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

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