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    148 River St West Springfield, MA 01089

    For Sale
    $335,000

    Flexible building on a large lot, suitable for various uses.

    Property size:
    1,064 SF
    Lot size:
    0.42 Acres

    Property Features for 148 River St

    General Information

    Size
    1,064 SF
    Lot size
    0.42 Acres

    Source: Pioneer CRE Agent Paul Bongiorni

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

    Overview

    Retail or Office Building For Sale

    This flexible building, suitable for retail or office use, is available for sale. Situated on busy River Street, the property offers opportunities for a variety of business or possible residential uses. The existing structure, most recently rented to a gift shop, features several large rooms, a full bathroom with shower, a kitchen area, a second-floor room, and basement storage. Its location, minutes from the Big E/Eastern States Exposition fairgrounds, could allow for additional parking income. The property is zoned BB-1, which allows a multitude of uses with Special Permit/Site Plan Review. According to zoning regulations, the purpose of the BB-1 District is to provide a higher density area for a mix of industrial, multifamily residential, and limited commercial uses. Residential redevelopment is occurring nearby. The property size is 1064 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6287008
    Latitude
    42.094088

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    FAQs

    What type of property is this?
    Retail space - Flexible building on a large lot, suitable for various uses.
    Where is this retail space located?
    The property is located at 148 River St West Springfield, MA.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - High-traffic location on busy River Street.; - Flexible BB-1 zoning allows for diverse business, residential, or mixed uses (subject to permit/review).; - Large lot suitable for various purposes, including potential parking income during events at the nearby Big E/Eastern States Exposition.
    (413) 312-9299
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    148 River St West Springfield, MA 01089
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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
    148 River St West Springfield, MA 01089
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