19 Wemelco Way

    Easthampton, MA 01027
    • $975,000
    • STATUS: Active
    • MLS #: 72518503
    UPDATED: 125 min ago
    $975,000
    • 0
      BEDS
    • 2.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,271
      SQFT
    • $60
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Mark Difranco of Difranco Realty.

    Description

    EUREKA! 16,271 SF Butler style building leased to a Marijuana Dispensary in the Cannabis industry. Licensed and permitted by the Commonwealth of Mass and the Town of Easthampton. Leased for 5 years at $240,000 per year NNN. $4,000,000 in tenant fit up about to commence and paid by the tenant. 24.6% CAP RATE for the astute investor.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-07-18T23:48:12.55.
    www.nrgrealestate.com/homes/95893511

    19 Wemelco Way Easthampton, MA 01027

    • Price: $975,000
    • Status: Active
    • Updated: 125 min ago
    • MLS #: 72518503
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.66
    Acres
    16,271
    SQFT
    $60
    $/SQFT
    1961
    Built
    Neighborhood:
    Other
    County:
    Hampshire
    Area:
    Other
    Property Description
    EUREKA! 16,271 SF Butler style building leased to a Marijuana Dispensary in the Cannabis industry. Licensed and permitted by the Commonwealth of Mass and the Town of Easthampton. Leased for 5 years at $240,000 per year NNN. $4,000,000 in tenant fit up about to commence and paid by the tenant. 24.6% CAP RATE for the astute investor.
    Exterior Features

    Parking Features AttachedOpenImproved Driveway Parking Spaces 50 Railroad Siding No Stories 2

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Rsf Building Sq Ft 0.00 Total Building Sq Ft 16271.00 Waf Building Sq Ft 14271.00

    Property Features

    Assessed Value Building 405500.00 Assessed Value Land 141800.00 Assessed Value Total 547300.00 Commercial Industrial Type Commercial Condo Association No Disclosure Yes Disclosures Marijuana Dispensary Permit Dividable Yes Exchange Yes Expandable Yes Gross Annual Expense 0.00 Gross Annual Income 240000.00 Lease No Lease Price Includes Building Lease Type Triple Net Lease (Nnn) Lender Owned No Mau Units 0 Net Operating Income 240000.00 Ofu Units 1 On File21 E Yes Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Subdividable Possible Sublet No Tax Year 2019 Taxes 8461.00 Total Units 1 Utilities Public WaterPublic Sewer Wau Units 1 Year Built Source Pr Zone Description Legal Non-Conforming Zoning I

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Mark Difranco of Difranco Realty.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-07-18T23:48:12.55.
     
    NRG Real Estate Services, Inc.
    813 Williams Street, Suite 211
    Longmeadow MA, 01106
    Listing courtesy of Mark Difranco of Difranco Realty.