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Three-Tenant Springfield Commercial Property

1349-1355 Springfield St, Springfield, MA

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2.52-acre property with bank, restaurant, and cell tower.

Type:LAND

Lot size:

2.52 Acres

HighLights

Three ground leases on a 2.52 acre parcel.
Leases include M&T Bank, Applebee's, and Verizon.
Located on Boston Road with high traffic volume (23,000+ vehicles per day).
Applebee's is a corporate lease.
M&T Bank building was recently renovated.
M&T Bank building (3,116 sq ft) built in 2006; Applebee's (4,884 sq ft) built in 2007.

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Listing Contact

Kevin Jennings

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For Sale

Contact for pricing

2.52-acre property with bank, restaurant, and cell tower.

Type:LAND

Lot size:

2.52 Acres

Added:: Mar 28, 2024
Days on Market:: 809
Last Refresh:: May 20 at 9:45 pm

Property Features for 1349-1355 Springfield St

General Information

Standard status: Active
Lot size: 2.52 Acres
Property subtype: LAND

We can help!

Listing Contact

Kevin Jennings

Listing agent Kevin Jennings License #9039162

Listing office Jennings Real Estate Services

Listing date Mar 28, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Jennings Real Estate Services

HighLights

Three ground leases on a 2.52 acre parcel.
Leases include M&T Bank, Applebee's, and Verizon.
Located on Boston Road with high traffic volume (23,000+ vehicles per day).
Applebee's is a corporate lease.
M&T Bank building was recently renovated.
M&T Bank building (3,116 sq ft) built in 2006; Applebee's (4,884 sq ft) built in 2007.

Overview

The offering comprises three ground leases on a 2.52-acre parcel improved with a freestanding bank building, a freestanding restaurant, and a cell tower. The M&T Bank building, constructed in 2006 and recently renovated, spans 3,116 square feet. The restaurant is a corporate Applebee's lease, occupying a 4,884 square foot building built in 2007. A cell tower leased to Verizon is located at the rear of the property. The property is situated on the busy commercial corridor of Boston Road in Springfield, which experiences over 23,000 vehicle trips per day.

Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Hampden
State: Massachusetts
Longitude: -72.5999
Latitude: 42.1326

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For sale
Banks
MA
Springfield
1349-1355 Springfield St

What type of property is this?

Bank - 2.52-acre property with bank, restaurant, and cell tower.

Where is this bank located?

The property is located at 1349-1355 Springfield St Springfield, MA.

What is the asking price?

The asking price for this property is $3,990,000.

What are key features of this property?

This property features: Three ground leases on a 2.52 acre parcel.; Leases include M&T Bank, Applebee's, and Verizon.; Located on Boston Road with **high traffic volume (23,000+ vehicles per day)**.

1349-1355 Springfield St, Springfield, MA

2.52-acre property with bank, restaurant, and cell tower.

Property Features for 1349-1355 Springfield St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Updated Three-Family Home in Springfield

Springfield Two-Family Investment Opportunity

Office Building on High-Traffic Artery

Multi-Family Home on Cul-de-Sac

Two-Unit Residential Income Property

Springfield Multifamily Investment Opportunity

Flex Space with Office and Fenced Yard

Springfield Retail Investment Opportunity

Bridge Street Multi-Use Investment Property

Springfield Industrial Building For Sale

Downtown Springfield Office Space

Downtown Springfield Retail and Restaurant

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