424 State Rd - Retail FOR SALE


South Deerfield, MA 01373
$1,400,000 USD
413-530-3215
424 State Rd, South Deerfield, MA for Sale
$1,400,000 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

424 State Rd
South Deerfield, MA 01373


HIGHLIGHTS

  • Excellent Visibility
  • Long Term Lease
  • Cannabis Retailer
  • Ample Parking
  • Condo
  • Recently Renovated

OVERVIEW

Region Commercial is pleased to present on an exclusive basis, this approximately 8,300 square foot retail property, located on the busy 5 & 10 in Whately, MA. The building is a condo with 420 State Road, and sits at the corner of a busy intersection, just off of Exit 35 on I-91. Recent improvement projects include fully renovated store area with new mechanicals, electrical and plumbing. The property is fully leased to cannabis retailer, Cheech & Chong's Dispensoria on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking, and access off both 116 and Route 10. If you would like additional information about this property, or to schedule a tour, please reach out to discuss further.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C

APN/PARCEL ID

WHAT-000032-000000-000024-000002

ASK ABOUT THIS PROPERTY

Ben BolotinRegion CommercialMore Info
413-530-3215

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Ben BolotinRegion CommercialMore Info
413-530-3215

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