32 Industrial DrNorthampton, MA 01060

Property Details for 32 Industrial Dr

Year built

1986

Construction

FRAME

Lot size

2.45 AC

Property size (Sq ft)

21,000 SF

Zone code

GI

Property type

Office buildings

APN

NHAM M:0019 B:0011 L:0001

APU

NHAMM0019B0011L0001

Description

This exceptional office property, located at 32 Industrial Dr E in Northampton, Massachusetts, offers 8,500 square feet of immediately available space within a larger 21,000 square foot building. Situated on 2.45 acres of land in Hampshire County, this Class B building boasts a convenient location, approximately one mile from I-91 and the heart of downtown Northampton. Built in 1986, the two-story structure features ample parking. The space is turnkey ready and includes a base rent of $19 per square foot, encompassing parking, HVAC, electricity, a conference room, and a kitchen/break room. The property is zoned for General Industrial use and is ideal for businesses seeking a blend of accessibility and functionality. The building consists of a single structure with multiple tenants. This presents a unique opportunity for a business seeking a substantial and well-equipped office space in a thriving Massachusetts community. The available space is part of a larger building, offering potential for expansion or collaboration within the same complex. The property's location offers easy access to major transportation routes and the amenities of downtown Northampton.

• CAP approach

  CAP return

  Valuation

  6%

  $3,471,927

  6.5%

  $3,204,856

  7%

  $2,975,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,743,860

  Geo Method

  $2,743,860

• Alternative Use

  Use

  Valuation

  Residential

  $3,974,021

  Hospitality

  $3,640,182

  Educational

  $3,028,589

  Medical

  $3,132,747

  Retail

  $4,711,138

Location Insight

City

Northampton

County

Hampshire

State

Massachusetts

Latitude

42.3364

Longitude

-72.629

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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