223 Elm St, Holyoke, MA 01040

Rare redevelopment opportunity at 223 Elm Street in Holyoke. The offering consists of an existing large multi-family structure together with an additional adjacent parcel, totaling approximately 0.314 acres. The existing property is a substantial 6,470 SF four-family building originally constructed in 1910. The interior has been taken down to the studs, providing a blank canvas for an investor, contractor, or developer to complete the property according to their plans. Public records and prior listing information identify approximately 6 bedrooms and a four-family configuration. The property also features a walkout/partially finished basement and substantial off-street parking potential. The property is located in Holyoke's Downtown Residential (DR) zoning district, where multifamily residential use is permitted. The inclusion of the adjacent parcel creates additional redevelopment possibilities. Ownership is currently evaluating the feasibility of demolishing the existing structure and developing two separate multifamily buildings, including potential two-family or three-family construction on each lot, subject to survey, zoning, building, fire, parking and municipal approvals. Excellent opportunity for a developer looking for a value-add rehabilitation, new construction project, or longer-term multifamily redevelopment.