The STEAM Building

208 Race Street, Holyoke, MA 01040

Accepting Offers
The STEAM BuildingThe STEAM BuildingThe STEAM BuildingThe STEAM Building
Asking Price

$3,500,000

The STEAM Building

208 Race Street, Holyoke, MA 01040

Details

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Asset Type: Real Estate

Estate: Leasehold

Year Built: 1903

Land Area: 1.1 Acres

Number of Units: 22

Property Type: Office

Occupancy %: 50

Year Renovated: 2022

Number of Floors: 4

Property Size: 68,000 SF

Investment Highlights

  • "Arts and Industry" District
  • 68,000 SF
  • Located on the Historic Canal System
  • Beautifully Converted to Offices
  • On-Site Parking
  • Huge Upside Potential

The STEAM Building

Presenting 208 Race Street, an ideal investment opportunity for Office/Office Building investors in the Western Mass area. This 68,000 SF building, with 22 units, underwent a comprehensive renovation in 2014, seamlessly blending historic charm with modern functionality. Zoned IG and currently at 50% occupancy, this property offers significant potential for growth, making it an attractive addition to any investment portfolio. Pro Forma Cap Rate 13%

Sale FAQs

Investment Sales Broker

William Low, Jr.

William Low, Jr.

L&P Commercial

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXX

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