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    1349-1355 Springfield St Springfield, MA 01107

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    For Sale
    $3,990,000

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

    Lot size:
    2.52 Acres

    Property Features for 1349-1355 Springfield St

    General Information

    Lot size
    2.52 Acres

    Source: Jennings Real Estate Services Agent Kevin Jennings

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

    Overview

    Three-Tenant Springfield Commercial Property

    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

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5999272
    Latitude
    42.1326436

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    FAQs

    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)**.
    (413) 731-7770
    Request Owner's contact information
    1349-1355 Springfield St Springfield, MA 01107
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    Springfield, MA 01107
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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
    1349-1355 Springfield St Springfield, MA 01107
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