55 Federal StGreenfield, MA 01301
- Office properties
- 825 SF
Property Details for 55 Federal St
- Year built
- 1915
- Construction
- FRAME
- Property size (Sq ft)
- 825 SF
- Zone code
- CC
- Property type
- Office properties
- APN
- GREE M:0056 B:0011 L:U310
- APU
- GREEM0056B0011LU310
Description
This exceptional 2,815 square foot medical office condo is situated in the historic Hayburne Building at 55 Federal Street, Greenfield, Massachusetts. Located in the heart of downtown Greenfield, this Class B property offers a prime location with convenient access to Route 5 and I-91 (approximately 1.3 miles away). The building, constructed in 1900 and renovated in 1980, boasts a total of 31,188 square feet across a single suite, with ample onsite parking available. This specific unit is currently a sublet and presents a unique opportunity for a medical practice seeking established space. The current tenant is willing to leave furniture behind as part of the lease agreement, offering a seamless transition for the new occupant. The property sits on a 1.45-acre lot and is part of a multi-tenant building. This is a rare chance to secure a well-located, established medical office space in a thriving downtown area. The 2,815 square feet of vacant space provides ample room for a variety of medical practices. The building's history and central location combine to create a unique and desirable professional environment. This is a sublet opportunity, offering flexibility and potential for a short-term or long-term lease. Contact us today to schedule a viewing and explore the possibilities.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $150,442
- 6.5%
- $138,870
- 7%
- $128,950
-
Comparable approach
- Method
- Valuation
- Relative Method
- $107,940
- Geo Method
- $107,794
-
Alternative Use
- Use
- Valuation
- Residential
- $172,198
- Hospitality
- $157,733
- Educational
- $131,232
- Medical
- $135,745
- Retail
- $204,138
Location Insight
- City
- Greenfield
- County
- Franklin
- State
- Massachusetts
- Latitude
- 42.5891
- Longitude
- -72.598
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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