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    8-10 Stearns Sq Springfield, MA 01103

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    For Sale
    $387,500

    7,317 SF building in Springfield's Dining District for sale.

    Property size:
    7,317 SF
    Lot size:
    0.17 Acres

    Property Features for 8-10 Stearns Sq

    General Information

    Size
    7,317 SF
    Lot size
    0.17 Acres

    Source: Jennings Real Estate Services Agent Kevin Jennings

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Springfield Redevelopment Opportunity

    Located at 8-10 Stearns Square in Springfield's central business district, this approximate 7,317 square foot building offers a redevelopment opportunity. Situated in a busy downtown location, the property benefits from high foot traffic and proximity to entertainment, retail, and office spaces. It is located in Springfield’s Dining District, an area undergoing significant revitalization efforts. The Dining District's growth continues to drive demand for new development and enhanced infrastructure, with new restaurant announcements forthcoming and ongoing improvements in the area. This property allows investors to contribute to and benefit from Springfield’s continued resurgence.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Big Y Floral, Langone's Florist

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5913387
    Latitude
    42.1043207

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    FAQs

    What type of property is this?
    Storefront property - 7,317 SF building in Springfield's Dining District for sale.
    Where is this storefront property located?
    The property is located at 8-10 Stearns Sq Springfield, MA.
    What is the asking price?
    The asking price for this property is $387,500.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in Springfield's Central Business District.; - Located in the Dining District, an area undergoing significant revitalization.; - High foot traffic due to busy downtown location.
    (413) 731-7770
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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
    8-10 Stearns Sq Springfield, MA 01103
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