8 New Athol RdOrange, MA 01364

Property Details for 8 New Athol Rd

Year built

1955

Construction

FRAME

Lot size

1.50 AC

Property size (Sq ft)

304 SF

Zone code

D

Property type

Auto shops

APN

ORAN M:0112 B:0000 L:00032

APU

ORANM0112B0000L00032

Description

This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Orange, Massachusetts. Strategically located at 8 New Athol Rd, this property boasts over 1167 feet of street frontage across three separate roads: East Main Street, New Athol Road, and Old Athol Road. The high traffic count and excellent visibility make this an ideal site for a variety of commercial ventures. Its proximity to major box stores further enhances its appeal. The land itself is level and cleared, offering significant development potential. The zoning is AC, and further details are available upon request. Utilities are readily accessible, with water and electric at the street, and sewer utilities nearby. The property is served by public, paved roads with public maintenance. The area offers a wealth of amenities, including public transportation, shopping centers, parks, walking trails, recreational facilities (tennis courts, golf course, stables), medical facilities, a laundromat, and houses of worship. Easy highway access is also a key advantage. The possibilities are numerous, from single to multi-building developments, making this a truly versatile and attractive investment. This is a rare opportunity to acquire a highly visible and well-situated commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $73,883

  6.5%

  $68,199

  7%

  $63,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $100,096

  Geo Method

  $100,096

• Alternative Use

  Use

  Valuation

  Residential

  $57,529

  Hospitality

  $52,696

  Educational

  $43,842

  Medical

  $45,350

  Retail

  $68,199

Location Insight

City

Orange

County

Franklin

State

Massachusetts

Latitude

42.586

Longitude

-72.2808

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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