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2 208 Race St 68,000 SF 42% Leased Office Building Holyoke, MA 01040 $5,395,182 CAD ($79.34 CAD/SF)
INVESTMENT HIGHLIGHTS
- Beautifully restored building in the Arts and Industry Overlay District.
EXECUTIVE SUMMARY
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 (53,481 total rentable SF), this
property offers significant potential for growth, making it an attractive addition to any
investment portfolio.
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 (53,481 total rentable SF), this
property offers significant potential for growth, making it an attractive addition to any
investment portfolio.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$630,343
|
$9.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$630,343
|
$9.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$270,146
|
$3.97
|
| Net Operating Income |
$360,196
|
$5.30
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $630,343 |
| Annual Per SF | $9.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $630,343 |
| Annual Per SF | $9.27 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $270,146 |
| Annual Per SF | $3.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $360,196 |
| Annual Per SF | $5.30 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
68,000 SF
Building Class
B
Year Built/Renovated
1903/2014
Price
$5,395,182 CAD
Price Per SF
$79.34 CAD
Percent Leased
42%
Building Height
4 Stories
Typical Floor Size
17,000 SF
Building FAR
1.42
Lot Size
1.10 AC
Zoning
IG - overlay district to promote the following purposes: encourage reuse, redevelopment,
and revitalization of historic mill structures along the canals.
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | HOLY-000030-000007-000014 | Improvements Assessment | $509,980 CAD |
| Land Assessment | $37,490 CAD | Total Assessment | $547,470 CAD |
PROPERTY TAXES
Parcel Number
HOLY-000030-000007-000014
Land Assessment
$37,490 CAD
Improvements Assessment
$509,980 CAD
Total Assessment
$547,470 CAD
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