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    423-427 State St Springfield, MA 01105

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    For Sale
    $449,999

    Versatile property in a high-traffic area with apartments and parking.

    Lot size:
    0.12 Acres

    Property Features for 423-427 State St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1915

    Source: LPT Realty, LLC Agent Karolynn Sheppard

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

    Overview

    Storefront with Income Potential

    This property is located in a bustling area with high foot traffic. Its proximity to high schools makes it suitable for businesses targeting a younger demographic. On-site private parking provides convenience for customers and tenants. The property includes four 1-bedroom apartments, offering additional income potential. The building possesses historic charm, adding to its appeal as an investment opportunity. This storefront property is located at 423-427 State St, Springfield, MA 01105.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Langone's Florist, Amar Flowers | Flower Delivery Springfield MA

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.578521
    Latitude
    42.10716

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    FAQs

    What type of property is this?
    Storefront property - Versatile property in a high-traffic area with apartments and parking.
    Where is this storefront property located?
    The property is located at 423-427 State St Springfield, MA.
    What is the asking price?
    The asking price for this property is $449,999.
    What are key features of this property?
    This property features: - Prime location with high foot traffic.; - Four 1-bedroom apartments for income potential.; - Enjoy the convenience of on-site private parking.
    (413) 355-1901
    Request Owner's contact information
    423-427 State St Springfield, MA 01105
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    Springfield, MA 01105
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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
    423-427 State St Springfield, MA 01105
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