1056 North Road, Westfield, MA 1085 - vacant land property

Detailed information about vacant land property which situated in Westfield (1085) city, Massachusetts state on 1056 North Road.
Nestled at the foot of the picturesque Berkshires in Western Massachusetts. Westfield is bordered by West Springfield, Southwick, Granville, Russell, Montgomery, Southampton & Holyoke. Westfield is 99 miles from Boston, 85 miles from Albany, N.Y. and 134 miles from New York City. Present Economy Westfield is a regional commercial and industrial center. Over the past 25 years, the city's economic and employment growth have outpaced the population growth which is indicative of excellent employment opportunities. Manufacturing, education, health & social services and retail trade are the largest source of employment. Some agriculture is still carried on in Westfield. Because of its developable land, the Westfield area is expected to be a focal point for much of the region's growth. In 2009, Westfield’s employed civilian population was 19,843 persons while the population was 42,133. The economic climate is good in Westfield... a climate favorable to industrial expansion and to the development of new and diversified industries. Westfield has much to offer the industry that is interested in locating here. There are many sites to choose from, a good labor pool consisting of many skilled workers, good transportation services and proximity to major markets. The present diversity of industry means that Westfield is not a one-industry city, an important factor in maintaining sound economic levels in the city. The fact that Westfield is a trading center for an area of some 400 square miles is another factor that makes for economic stability. Transportation The Mass Pike I-90, crosses Westfield, providing excellent east-west access. The city is presently served by two PVTA bus routes to Springfield and Holyoke. Barnes Municipal Airport in Westfield is the third largest commercial airport in New England. Commuter and charter passenger service as well as freight service is available at Barnes. Bradley International Airport at Windsor Locks is within 40 minutes driving time. Services Westfield State College provides opportunities for higher education including post-graduate studies. A number of day care, nursery and parochial schools are also located in Westfield. Electrical and gas service is provided by the municipally owned Gas & Electric Department. There are two hospitals in Westfield: Western Massachusetts Hospital & Noble Hospital. Economic Development Incentive Program The City of Westfield and State of Massachusetts offers the Economic Development Incentive Program (EDIP) which is a tax incentive program in which eligible companies may receive state and local tax incentives in exchange for job creation and private investment commitments. For qualified and approved projects the City Of Westfield offers Tax Incentive Financing Plan (TIF), a 50% tax reduction on the "value added" to the property for a term of up to five years. For larger projects which create a large number of jobs the city may extend that reduction for up to 10 years. In addition, for qualified and approved, projects the state may offer an Investment Tax Credit of up to 5% for five years.

Additional Information: This property consists of approx. 1.68 acres of land in Westfield Massachusetts. The parcel is located at the signalized intersection of North Road and Old County Road. The property has frontage on both Roads and sits on the border of Holyoke Massachusetts. Frontage on North Road is 241 feet and on Old County Road is 261 feet. The land sits in the Business A General Business Zoning District (BA). The property is also contained within the Aquifer Zone II Overlay District. Traffic Counts from 2001 indicate close to 16,000 cars per day, on average, drove by the property, on North Road alone. Combining vehicles travelling on Old County Road with the increase in the traffic on North Road since 2001, it is expected that close to 20,000 cars drive by the property, on average, every day. The parcel’s location – on a busy street connecting Holyoke to Westfield and Southampton – presents a unique retail development opportunity. The closest national pharmacy is over six miles away and the closest Dunkin’ Donuts is over five miles away from this site. The presence of a traffic signal at this busy of an intersection adds significant value to this property.