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Retail Redevelopment Corner Lot
For Sale
$240,000

671 State Street, Springfield, MA 01109

Corner lot with existing building space and Business 1 zoning for mixed-use, retail, and office redevelopment.

Property Size420 SF
Lot Size0.34 Acres
Price / SF$571.43
Days on Market503

Property Features for 671 State Street

General Information

Standard status Active
Size 420 SF
Lot size 0.34 Acres
Property subtype Commercial
Zoning Business 1

Additional Details

Highway Access Yes

Building Details

Year Built 1989
Listing Agency: SR Commercial Realty
Listed By: Zaisha Robert
Source: Gregoryhaughton
Added: Apr 21, 2025 Changed: Sep 4 Last Checked: Sep 4 at 10:11AM

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 SR Commercial Realty

Investment Insights

Based on property information with market context.

This redevelopment site consists of a corner lot with existing building space and Business 1 zoning. The zoning permits mixed-use, retail, and office development, supporting a range of redevelopment plans for the property.

The property is located on State Street in Springfield’s revitalizing corridor, with access to downtown Springfield, I-291, I-91, and public transit. The surrounding area includes businesses and neighborhoods, and notable nearby landmarks include Springfield Technical Community College, MGM Springfield, and Union Station. The site is positioned for visibility and traffic based on the property’s frontage and corner configuration.

Key Highlights

  • 0.34‑acre corner lot at 671 State Street in Springfield, MA
  • Commercial building space on‑site for redevelopment
  • Business 1 zoning allows mixed‑use, retail, and office development

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Accounting Firm Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

644
Businesses Nearby
9k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 63% Shops & Services 37%
Dunkin' Donuts Dining
5,939 visits/mo 0.3 miles
TD Bank Shops & Services
3,436 visits/mo 0.3 miles

Demographics for 01109, MA

30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Corner lot with existing building space and Business 1 zoning for mixed-use, retail, and office redevelopment.
Where is this commercial land located?
The property is located at 671 State Street Springfield, MA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 0.34‑acre corner lot at 671 State Street in Springfield, MA; Commercial building space on‑site for redevelopment; Business 1 zoning allows mixed‑use, retail, and office development
More about this property
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