175 Main Street,Northampton,MA
Northampton, MA175 Main Street
Price$5,250,000
Est. Mortgage: $/month
Listing Number X34855739
- Exclusive Commercial Investment,Office,Retail
- Square Feet 33,228
Executive Summary Colebrook is pleased to offer for sale a rare investment/development opportunity in desirable downtown Northampton directly across from the well-known Thornes Marketplace. This iconic 33,228 SF commercial building is located in the center of Northampton on 0.89 acres and includes a large 34 space parking lot and a long term lease with TD Bank. Potential to develop up to 200 residential units with retail/office/restaurant space on the ground floor Development Potential Central Business District zoning allows for a wide range of retail, office and restaurant uses allowed by right including: Multi-family residential above first floor and/or to rear of commercial uses Hotel/Motel All Retail, including Retail Marijuana Restaurant Wholesale and business sales, supply of goods and services Office, Trades, Artist Space, Events Health/Athletic Club Education, Religious Use, Childcare, Nonprofit Use Veterinary Hospital Agricultural Use Rooftop Solar PV and Solar Hot Water Full site buildout exceeds 125,000 sq. ft. of developed building space. Upper story residential is permitted. Build-out analysis results suggests up to 200 residential units are feasible. New construction of 2,000 square feet or more, and a small number of allowed uses (e.g. commercial parking facilities) require Site Plan Approval. Maximum buildable height of 70 feet. No minimum parking requirement. No minimum setbacks. No minimum lot size, dimensional or open space requirements.
Listed by Colebrook Realty Services, Inc.
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