250 Westfield Rd - Storefront Retail/Office FOR SALE


Holyoke, MA 01040
$4,850,000 USD
857-990-6802
250 Westfield Rd, Holyoke, MA for Sale
$4,850,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 7.6% Cap Rate

250 Westfield Rd
Holyoke, MA 01040


HIGHLIGHTS

  • 29,567 SF Neighborhood Retail Property
  • Long Term Tenancy
  • Future Development Possible
  • 220 surface level parking spots (7.44 Spaces/1,000 SF Leased)
  • Mostly NNN Leases

OVERVIEW

Northeast Private Client Group is pleased to present West Holyoke Plaza, an 8-suite, 29,567 SF Dollar General anchored neighborhood retail center located at 250 Westfield Road in Holyoke, Massachusetts. The property is situated on approximately 3.5 acres with 575 feet of frontage along Westfield Road, which experiences an Annual Average Daily Traffic count of approximately 17,878 vehicles per day, providing strong visibility and consistent consumer activity. Tenant paid utilities and NNN reimbursements help maximize NOI for ownership. The main building includes approximately 20,000 SF of ground floor retail, a 6,000 SF finished lower level leased to the Holyoke Knights of Columbus, and an additional 4,000 SF of tenant and owner storage. Two outparcel buildings, approximately 1,000 SF and 2,000 SF respectively, provide additional rental income and further diversify revenue streams. Originally constructed in 1963, the plaza has been well maintained and recently renovated, including upgrades to electrical and plumbing systems, stormwater management, paving, HVAC, and major portions of the parking lot. The property offers investors immediate day one cash flow and a stabilized rent roll, with upside supported by 2025 contractual rent increases and scheduled escalations beginning in 2026, providing near-term appreciation for new ownership. Additional value add potential exists through possible expansion of the main building and further outparcel development.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Holyoke Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

3.45 AC

LAND SF

150,282 SF

ZONING

BL

APN/PARCEL ID

HOLY-000157-000000-000071

ASK ABOUT THIS PROPERTY

Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.