135 Apremont WayWestfield, MA 01085

Property Details for 135 Apremont Way

Year built

1956

Construction

STEEL FRAME

Lot size

2.60 AC

Property size (Sq ft)

33,717 SF

Property type

Manufacturing properties

APN

WFLD M:57-R L:24

APU

WFLDM57RL24

Description

This exceptional 33,717-square-foot industrial property, located at 135 Apremont Way in Westfield, Massachusetts, presents a significant investment opportunity. The single-story building, constructed in 1956, sits on a generous 2.6-acre lot and is zoned IA. Currently vacant, this flex/warehouse space offers immediate occupancy for a wide range of industrial and commercial uses. The property boasts five overhead doors and four loading docks, ensuring efficient loading and unloading operations. Ample parking is available with over 50 spaces provided. The asking price is $2,250,000, translating to a price per square foot of $66.73. This represents a compelling value for a property of this size and functionality in a desirable location within Hampden County. The property's strategic location in Westfield, MA (zip code 01085), offers convenient access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics. This is a rare opportunity to acquire a well-maintained, spacious industrial building with significant potential for immediate income generation or long-term investment growth. The property's size and features make it suitable for a variety of businesses seeking a functional and well-located space.

• CAP approach

  CAP return

  Valuation

  6%

  $12,438,100

  6.5%

  $11,481,300

  7%

  $10,661,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,048,740

  Geo Method

  $7,048,740

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,887,550

  Mixed-Use / Specialty

  $5,866,560

  Hospitality / Lodging

  $4,304,110

  Office

  $5,831,710

  Institutional / Educational

  $6,098,860

  Residential Income

  $7,135,660

  Multifamily

  $8,558,130

  Automotive / Energy

  $5,227,590

  Parking / Income-Based Land

  $1,803,980

  Restaurant / Food Service

  $3,051,240

  Healthcare / Senior Housing

  $6,016,050

Location Insight

City

Westfield

County

Hampden

State

Massachusetts

Latitude

42.1576

Longitude

-72.7216

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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