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306 Race St
Holyoke, MA 01040
Holyoke Professional Arts Center · Office Property For Sale
Executive Summary
Jennings Real Estate Services, Inc- Mixed use medical building completely renovated in 2005. Long-term local tenants include Tapestry Health, Clean Slate, and Green Valley Analytics (GVA). The property is elevator-served for ADA compliance and features three floors. The lower level is occupied by GVA, a cannabis testing company. The street level is occupied by two Tapestry Health programs: Harm Reduction and Women's Sexual Health and Reproductive Services. The upper level is occupied by Clean Slate, an outpatient addiction medicine program, along with a 1,400 square foot vacant office space. The property is located in downtown Holyoke and includes an adjacent off-site parking lot with 18 spaces. Plentiful street parking provides additional options for employees and guests.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,950 SF
Building Class
B
Year Built/Renovated
1895/2005
Price
$2,160,000
Price Per SF
$144.48
Cap Rate
10.69%
NOI
$230,811
Percent Leased
91%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,983 SF
Slab To Slab
11’
Building FAR
1.72
Lot Size
0.20 AC
Zoning
IG - Office Building
Parking
18 Spaces (1.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | HOLY-000030-000008-000013 | Improvements Assessment | $847,500 |
| Land Assessment | $25,000 | Total Assessment | $872,500 |
Property Taxes
Parcel Number
HOLY-000030-000008-000013
Land Assessment
$25,000
Improvements Assessment
$847,500
Total Assessment
$872,500
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