850 High StHolyoke, MA 01040

Property Details for 850 High St

Year built

1990

Construction

STEEL FRAME

Property size (Sq ft)

2,331 SF

Property type

Office properties

Property subtype

Other office properties

APN

HOLY M:0009 B:0004 L:5.1A

APU

HOLYM0009B0004L51A

Description

This exceptional three-story, 18,000-square-foot office building, constructed in 1989 and extensively renovated in 2023, presents a unique opportunity for businesses seeking versatile and well-appointed space in Holyoke, Massachusetts. The property, located at 850 High Street (zip code 01040), boasts a prime location directly off Route 391, ensuring excellent visibility and accessibility. Multiple suites are available, ranging from 550 square feet to a maximum contiguous space of 6,100 square feet, with a total of 6,122 square feet currently vacant. The building features four total suites, ample natural light, and newly installed LED lighting throughout. Common areas have been updated with new carpeting and beautifully tiled bathrooms, ensuring a modern and professional atmosphere. The property includes 83 parking spaces, conveniently located both in front of the building and in an additional lot across the street. ADA accessibility is provided. The building is zoned for business use and benefits from an on-site property manager. Property taxes are $2.26 per square foot. This is an ideal location for businesses seeking high visibility and convenient access to major roadways. The building's recent renovation ensures modern amenities and a comfortable work environment. The flexible suite sizes cater to a variety of business needs, from small startups to larger established companies. This is a rare opportunity to secure high-quality office space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $385,384

  6.5%

  $355,739

  7%

  $330,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $304,568

  Geo Method

  $304,568

• Alternative Use

  Use

  Valuation

  Residential

  $441,116

  Hospitality

  $404,060

  Educational

  $336,173

  Medical

  $347,735

  Retail

  $522,936

Location Insight

City

Holyoke

County

Hampden

State

Massachusetts

Latitude

42.1977

Longitude

-72.6171

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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