345-363 Dwight St
Holyoke, MA 01040
Industrial Property For Sale

345-363 Dwight St, Holyoke MA 01040 Holyoke, Massachusetts 01040 - Imposing 106,500 SF brick commercial building with outstanding redevelopment potential (AKA 345-363 Dwight St, Holyoke MA 01040 & 44 Race St, Holyoke MA 01040) RARE INVESTMENT AND DEVELOPMENT OPPORTUNITY: A building of this size, location and character are not often seen on the open market IN A NEIGHBORHOOD THAT’S UNDERGOING MAJOR RE-DEVELOPMENT AND IN THE PROCESS OF RE-GENTRIFYING. AREA UNDERGOING MAJOR CHANGES AND IS SHOWING A POPULATION GROWTH AND RISING REAL ESTATE PRICES. The neighborhood is home to several industrial mill buildings which have already been renovated to house office, industrial and artist tenants. MAGNIFICENT AND IMPOSING 106,586 SF BRICK INDUSTRIAL BUILDING SITUATED WITHIN HOLYOKE'S UP AND COMING DOWNTOWN OVERLAY AND GATEWAY AREA. 3 to 5 story plus basement on 0.60 acres in a great location overlooking the canal, a few steps away of the new multi-Million Dollar high-speed passenger rail platform at Depot Square and close to Downtown Holyoke. Suitable for a wide array of end-uses (subject to zoning) including industrial and manufacturing, wholesale, warehouse, storage and distribution, industrial flex (with subdivision into industrial units), residential condo conversion, apartment space, retail, bar and restaurants, offices, storage, retail or factory outlets, office condos, incubated professional/business enterprises, art studios, workshops, indoor commercial recreation, retail or personal services. Potential for conversion into a mixed residential and commercial scheme with superb loft apartments, offices, retail units, restaurants and cafés. 1 Bedroom apartment across the road is selling for $159,000 Great Opportunity: Selling at only $1.83/ SF, way below comparables. Selling with clear title, no liens or back taxes, warranty deed and no auction premium or document fees This 106,536 SFbrick building is waiting for someone with ideas to bring this massive building back to its glory days in an area that’s undergoing major re-development and in the process of re-gentrifying. Description BRICK BUILDING WITH HIGH CEILINGS AND ENORMOUS REDEVELOPMENT POTENTIAL WITH 106,536 SF OF FLOORSPACE The building is comprised of 5 floors plus basement. Floors one through three consist of mainly open floor plans and the fifth floor is located in one section of the building TOTAL AREA (Excluding basement): 106,536 SF Basement: 24,440 SF Features: •High Ceilings •Open Floor Plan •Attractive Brick Building •Large basement. •Potential for conversion into apartments / lofts and many other uses. •Next to the canal with water views •In the middle of a major re-development area •Close to new multi-million Dollars passenger rail platform •New pedestrian walkway on canal •Increase in area traffic due to redevelopment •Improved roads and access Condition: The property is a solid brick building, but it needs serious rehabilitation. The exterior of the building is solid, parts of the roof has been replaced, the gutters and spouts are operational, the property is currently boarded up and secure. Internally, the property needs major repairs and rehab. A rehab plan has been submitted to the city for approval. The buyer will be required to either adopt an approved plan or submit their own plans for approval.