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    ss Allen St Springfield, MA 01118

    For Sale
    $1,050,000

    High-traffic location, 3.45 acres, $1.05M

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3.45-acre commercial development opportunity is situated in a prime Springfield location at the highly visible, signalized intersection of Allen Street and Bicentennial Highway. Boasting over 30,000 vehicles passing daily, this parcel offers unparalleled exposure and accessibility. The property benefits from its strategic placement within one of Springfield's most affluent and densely populated neighborhoods, placing it in close proximity to a thriving retail environment. Neighboring businesses include Bicentennial Plaza, a successful local retail center, along with established national chains such as McDonald's, Wendy's, and Florence Bank, as well as several medical facilities. Its convenient location at the crossroads of Springfield's suburbs ensures strong east-west commuter traffic and easy access to the regional retail hub, Five Town Plaza. The property's zoning allows for a flexible range of commercial and residential uses, presenting numerous possibilities for developers. The site includes a dedicated right-of-way to the traffic signal, further enhancing its accessibility and appeal. This is a rare opportunity to acquire a significant parcel of land in a high-demand area with exceptional visibility and potential for substantial return on investment. The asking price is $1,050,000.

    Property Features for ss Allen St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    150,282 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.52208
    Latitude
    42.09272

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 3.45 acres, $1.05M
    Where is this commercial real estate located?
    The property is located at ss Allen St Springfield, MA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    (413) 459-9959
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    ss Allen St Springfield, MA 01118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    ss Allen St Springfield, MA 01118
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