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    671 State St Springfield, MA 01109

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    For Sale
    $249,000

    Prime 0.34-acre corner lot in Springfield's revitalizing corridor.

    Lot size:
    0.34 Acres

    Property Features for 671 State St

    General Information

    Lot size
    0.34 Acres

    Building Details

    Year built
    1989

    Source: SR Commercial Realty Agent Zaisha Robert

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

    Overview

    Springfield Commercial Redevelopment Opportunity

    This 0.34-acre corner lot in Springfield, Massachusetts, presents a redevelopment opportunity. The property is located at 671 State Street in a revitalizing corridor. Zoned Business 1, the site permits mixed-use, retail, and office developments. The property features existing building space. Its location provides access to downtown Springfield, I-291, I-91, and public transit. Nearby landmarks include Springfield Technical Community College, MGM Springfield, and Union Station. The property is suited for investors, developers, or entrepreneurs looking to reimagine a key property in a growing area. The location offers visibility and traffic counts.
    Insight Report Location Intelligence

    Current Use by Public Records

    Day & Night Convenience Store Dee Sazon Spot Convenience Store Pikoretas Frappe Dessert Shop

    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
    -72.5697303
    Latitude
    42.1098249

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    FAQs

    What type of property is this?
    Commercial land - Prime 0.34-acre corner lot in Springfield's revitalizing corridor.
    Where is this commercial land located?
    The property is located at 671 State St Springfield, MA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Prime 0.34-acre corner lot in Springfield's revitalizing corridor.; - Business 1 zoning permits mixed-use, retail, and office developments.; - Exceptional visibility and high traffic counts.
    (413) 557-4846
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    671 State St Springfield, MA 01109
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    Springfield, MA 01109
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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
    671 State St Springfield, MA 01109
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