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85K SF Value-Add Industrial Off I-91 24 Spring St 85,804 SF Industrial Building Online Auction Sale Florence, MA 01062
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Investment Highlights
- 24 Spring Street presents a vacant 85,804-SF industrial facility that sits on a 11.72-acre lot ideal for owner/users and investors in Northampton, MA.
- Zoned for general industry, it supports manufacturing, warehousing, distribution, logistics, assembly, contractor HQ, and flex-industrial use.
- Strategically located less than a mile from Route 9 and near Interstates 91 and 90, providing access to Boston, Hartford, and New York markets.
- Features include eight dock-high doors, up to 23'6" clear warehouse heights, 1,600-amp, 3-phase power capacity, and expansion potential on-site.
- Offered below replacement cost with Solar plans, fiber connectivity, adjacent substation access, outdoor storage, and ample truck circulation.
- Positioned in Florence near downtown Northampton, with access to a workforce of 80,000, Amtrak access, retailers, dining, and talent.
Executive Summary
24 Spring Street presents a rare opportunity to acquire an 85,804-square-foot warehouse/manufacturing facility situated on 11.72 acres in Northampton, Massachusetts. The vacant industrial property combines scale, infrastructure, and flexibility, offering immediate potential for an owner/user seeking long-term operational control or an investor pursuing a value-add repositioning opportunity.
The facility features eight dock-high doors, three levelers, 14-foot to 23-foot 6-inch clear heights, and 1,600 amps, 480/277-volt, 3-phase power, with additional power available from the adjacent substation. General Industry zoning, a solar plan already in place, nearby fiber connectivity, and extensive land area support a wide range of uses, including manufacturing, warehousing, distribution, last-mile logistics, assembly operations, contractor headquarters, and flex-industrial occupancy. Ample room for truck circulation, trailer parking, outdoor storage, and future expansion further enhances the asset's appeal. Offered substantially below replacement cost, the asset provides a prime opportunity to secure a power-rich industrial campus with significant long-term upside.
Strategically located in Florence, a village of Northampton within the Pioneer Valley, 24 Spring Street provides outstanding regional connectivity across Western Massachusetts and the broader Northeast. 24 Spring Street is within 3 miles from Downtown Northampton, 2.5 miles from Interstate 91, and 10 miles from Interstate 90 (Massachusetts Turnpike), providing efficient access to Springfield, Hartford, Boston, Vermont, and New York markets. Bradley International Airport is within an hour's drive, while nearby Amtrak service expands transportation options throughout the Northeast Corridor.
The surrounding area benefits from a highly educated and skilled workforce, supported by prominent colleges and universities, and has nearly 80,000 residents within a 10-mile radius. Nearby amenities include Walgreens, Friendly's, local dining establishments, retail services, and the walkable Florence village center, known for its cafés, artist studios, boutique shops, community markets, and wellness retailers. As one of Western Massachusetts' most established arts and cultural destinations, Florence offers employers access to a strong labor pool and an attractive quality of life that supports workforce retention. 24 Spring Street represents an exceptional opportunity to invest in a highly adaptable industrial asset positioned for future success.
The facility features eight dock-high doors, three levelers, 14-foot to 23-foot 6-inch clear heights, and 1,600 amps, 480/277-volt, 3-phase power, with additional power available from the adjacent substation. General Industry zoning, a solar plan already in place, nearby fiber connectivity, and extensive land area support a wide range of uses, including manufacturing, warehousing, distribution, last-mile logistics, assembly operations, contractor headquarters, and flex-industrial occupancy. Ample room for truck circulation, trailer parking, outdoor storage, and future expansion further enhances the asset's appeal. Offered substantially below replacement cost, the asset provides a prime opportunity to secure a power-rich industrial campus with significant long-term upside.
Strategically located in Florence, a village of Northampton within the Pioneer Valley, 24 Spring Street provides outstanding regional connectivity across Western Massachusetts and the broader Northeast. 24 Spring Street is within 3 miles from Downtown Northampton, 2.5 miles from Interstate 91, and 10 miles from Interstate 90 (Massachusetts Turnpike), providing efficient access to Springfield, Hartford, Boston, Vermont, and New York markets. Bradley International Airport is within an hour's drive, while nearby Amtrak service expands transportation options throughout the Northeast Corridor.
The surrounding area benefits from a highly educated and skilled workforce, supported by prominent colleges and universities, and has nearly 80,000 residents within a 10-mile radius. Nearby amenities include Walgreens, Friendly's, local dining establishments, retail services, and the walkable Florence village center, known for its cafés, artist studios, boutique shops, community markets, and wellness retailers. As one of Western Massachusetts' most established arts and cultural destinations, Florence offers employers access to a strong labor pool and an attractive quality of life that supports workforce retention. 24 Spring Street represents an exceptional opportunity to invest in a highly adaptable industrial asset positioned for future success.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Boston
694,583
107
2 h 17 m
New York
8,398,748
165
3 h 47 m
Philadelphia
1,584,138
258
5 h 21 m
Baltimore
602,495
357
7 h 16 m
Washington
702,455
391
8 h 3 m
Virginia Beach
450,189
515
10 h 58 m
Access and Labor Force
10 Miles
Total Population
155,474
Total Labor Force
79,852
Unemployment Rate
4.88%
Median Household Income
$72,100
Warehouse Employees
8,002
High School Education Or Higher
92.40%
Sale Advisor
Sale Advisor
Jack Reed, First Vice President
Jack Reed joined CBRE in 2019 as a member of the Industrial & Logistics Group. His primary expertise is in the representation of Landlords and Tenants in the Western MA/Northern CT area. He analyzes business drivers and occupancy needs, identifies and evaluates appropriate options and manages lease negotiations. Jack aligns his client’s real estate obligations with their business operations, providing the greatest possible service and care.
Prior to joining CBRE, Jack worked for Jones Lang LaSalle (JLL) in Boston, MA with the role of supporting the Integrated Portfolio Services team. The team serviced Tenants between 500,000 – 10M square feet. Jack worked closely with client trackers and creating deliverables for brokers. He performed financial analysis for all teams in the Boston office, as well as mapping analysis services. As he progressed in his role, Jack became more client-facing and was an active member on tours, negotiating proposals and deal transactions.
The team of John Reed and Jack Reed have a long track record of representing Sellers, Purchasers, Landlords and Tenants in the Western Massachusetts/Northern Connecticut Market. The Reed Team focuses on real estate transactions along the Mass Pike corridor from Pittsfield to Sturbridge and along the I-91 corridor from Enfield, CT through Western MA into Vermont.
Prior to joining CBRE, Jack worked for Jones Lang LaSalle (JLL) in Boston, MA with the role of supporting the Integrated Portfolio Services team. The team serviced Tenants between 500,000 – 10M square feet. Jack worked closely with client trackers and creating deliverables for brokers. He performed financial analysis for all teams in the Boston office, as well as mapping analysis services. As he progressed in his role, Jack became more client-facing and was an active member on tours, negotiating proposals and deal transactions.
The team of John Reed and Jack Reed have a long track record of representing Sellers, Purchasers, Landlords and Tenants in the Western Massachusetts/Northern Connecticut Market. The Reed Team focuses on real estate transactions along the Mass Pike corridor from Pittsfield to Sturbridge and along the I-91 corridor from Enfield, CT through Western MA into Vermont.
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Auction Contact
Kevin Loudy
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 423761-RE-LC
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Street View
Street
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
85K SF Value-Add Industrial Off I-91 | 24 Spring St
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85K SF Value-Add Industrial Off I-91 | 24 Spring St
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