INVESTOR ALERT – 7-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY | HOLYOKE, MA. Rare opportunity for developers and investors to acquire a residential development lot at 0 Olive Avenue, Holyoke, MA. The City of Holyoke Building Department’s zoning verification letter confirms that multifamily housing is a permitted use by right in the current Residential Office (RO) zoning district and indicates that a seven-unit multifamily development may be possible, subject to applicable dimensional regulations and requirements. The approximately 5,663-square-foot parcel offers an opportunity to explore a new multifamily project in an established Holyoke location. The city’s letter outlines applicable setback, building height, lot coverage, and lot-of-record requirements. Buyers are encouraged to review the attached zoning verification letter and public records, conduct their own due diligence, and confirm all applicable requirements with the City of Holyoke before proceeding. An opportunity for builders, investors, and developers looking to maximize the potential of a residential development site. Bring your vision and explore the possibilities!
Highlands, located between Downtown Holyoke and the Mount Tom range, is a residential and hillside Holyoke neighborhood with tree-lined streets and broad valley views. The neighborhood’s character concentrates around the Route 141 corridor near the entrance to Ashley Reservoir, where joggers, dog walkers, and cyclists pass stone walls and shaded edges. Early-20th-century Colonials and sturdy multifamily homes sit on sloping blocks, with pocket parks and schoolyards breaking up the grid. The Ashley Reservoir loop sets a steady outdoor rhythm, while nearby Mount Tom State Reservation adds bigger climbs and overlooks. Community life often orbits Holyoke Community College for lectures, events, and athletics.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Public road frontage
Home design
Residential
Utilities
Public sewer
No gas
HOA & community
Near public transportation, a medical facility, highway access, and a house of worship
Electricity and solar
View estimated energy costs and solar savings for this home