MLS® ID: 72505553

274 High St

Holyoke, Massachusetts, 01040

$599,000 Active
  • 31360 SQFT
The Prudential or "The Prew" is an important turn-of-Century 8-story brick Victorian with elaborate cornices and high ceilings, and presents now as an exciting opportunity to make money with a touch of class. Immediately next to the most impressive City Hall edifice in Massachusetts, "the Prew" is the flagship building of Downtown Holyoke, an area of major recent investment. Eligible for National Historic Register and Federal Tax Credits, this is an economic improvement zone. Near Canal System with planned redevelopment use of federal funds as attractive urban center, the building is a walking distance to a brand new AMTRAK train station with enhanced service to NYC via Springfield. Substantial Tax benefits potentially include, but are not limited to: No real estate tax for ten years on improvements, 65% full exemption, decreasing over six years, and Federal income tax offset.
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Listing courtesy of Arrow Properties

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    01040
  • Office name
    Arrow Properties
  • SQFT
    31360
  • Bedrooms
    0
  • Property type
    Commercial/Industrial
  • Zoning type
    BC
  • Year built
    1906
  • Tax year
    2019
  • Agent name
    Jude Stull
  • Tax amount
    $ 12544.0
  • Purchase Type
    Active
  • Price Range
    $500k-$600k
  • Square Feet Range
    7000+ sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    10638

Location

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