280 Main StEast Longmeadow, MA 01028

Property Details for 280 Main St

Year built

1976

Construction

STEEL FRAME

Lot size

1.25 AC

Property size (Sq ft)

14,536 SF

Zone code

COM

Property type

Office properties

Property subtype

Office buildings

APN

ELON M:0014 B:0012 L:000F

APU

ELONM0014B0012L000F

Description

This exceptional Class A office building, located at 280 N Main St, East Longmeadow, MA 01028, offers a variety of flexible office spaces to suit diverse business needs. Built in 1976 and extensively renovated in 2023, the single-story, 14,000 square foot building sits on a 1.25-acre lot and features 20 suites, with a minimum divisible space of 2,000 square feet and currently 400 square feet vacant. The property boasts 72 parking spaces, convenient access to public transportation, and is zoned Com Ind. Amenities include handicap-accessible bathrooms and entrances. All taxes, maintenance, and utilities are included in the rent. Several suite options are available, ranging in size to accommodate various business requirements, from smaller private offices to larger spaces encompassing multiple offices, work stations, conference rooms, and reception areas. Immediate occupancy is available, making this an ideal location for a variety of professional uses, including but not limited to counseling centers, medical practices, sales offices, and general office spaces. The building's location near Shaw St provides excellent visibility and accessibility. The 12-foot ceilings contribute to a spacious and comfortable work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,403,235

  6.5%

  $2,218,371

  7%

  $2,059,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,899,274

  Geo Method

  $1,899,274

• Alternative Use

  Use

  Valuation

  Residential

  $2,750,780

  Hospitality

  $2,519,700

  Educational

  $2,096,360

  Medical

  $2,168,458

  Retail

  $3,261,005

Location Insight

City

East Longmeadow

County

Hampden

State

Massachusetts

Latitude

42.0747

Longitude

-72.5215

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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