15 Papineau Street

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15 Papineau Street

Holyoke, MA 01040
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

<p>For Sale/Lease: 13,760 Square Foot Building with Waiting & Reception Area, Several Private Offices, 3-4 Conference /Classrooms, Two (2) Handicapped Lavatories, and a Small Cafeteria. Currently used as a school. Highway Access: On Route 116 (Main Street); 1.3 Miles to Route 5 (Riverdale Street); and .5 Miles to Interstate 391.Attention Investors, Residential zoning approved for condominiums.</p>

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times