207-209 Main St, Greenfield, MA 01301
$259,000 · 3 baths, 1,648 square feet · Active
Fully occupied downtown Greenfield investment property offering an approximate 10.5% cap rate based on seller-provided income and expenses. The property has an excellent rental history with established tenants, including a longtime nail salon, a Greenfield Police Department satellite office and a tattoo studio occupying the entire second floor. A new owner may continue the property’s current income-producing use while considering its longer-term value-add potential. If the second-floor space becomes available in the future, a buyer may wish to explore reconfiguration into two residential apartments. Conversion would require renovation and all necessary municipal approvals. Located in the Central Commercial District, which allows a broad range of commercial and mixed residential/business uses. Street parking. Please do not disturb tenants. Shown by appointment only.
Listing courtesy of Brick & Mortar Northampton, the listing brokerage, 413-259-8888. MLS number 73588596.
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