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Medical Office Condominium Suite
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2 Medical Center Dr, Springfield, MA 01107

Approximately 5,300 SF medical office condominium connected to Baystate Medical Center with central HVAC and on-site parking garage.

Property Size3,050 SF
Price / SF$145.90
Days on Market1326

Property Features for 2 Medical Center Dr

General Information

Standard status Active
Size 3,050 SF
Property subtype OFFICE

Additional Details

Highway Access Yes

Amenities

on-site parking garage
connected to Baystate Medical Center

Building Details

Construction steel frame and reinforced concrete/masonry
Listing Agency: Colebrook Realty
Listed By: B John Dill
Source: Moodyscre
Added: Jan 27, 2023 Changed: Sep 12 Last Checked: Sep 14 at 12:28PM

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 Colebrook Realty

Investment Insights

Based on property information with market context.

Offering an approximately 5,300 SF medical office condominium space connected to Baystate Medical Center. The building is constructed with a steel frame and reinforced concrete/masonry, and the unit is served by central HVAC. Electricity includes 100 amp service, and the space is connected to Baystate Medical Center for direct facility access.

The property also includes an on-site parking garage and provides easy access to I-91 and I-291. It is located near Mercy Medical Center and within close proximity to the Main Street medical corridor.

This offering is presented for sale by Colebrook Realty Services, Inc. as the exclusive agent for the property owner.

Key Highlights

  • Approximately 5,300 SF medical office condominium space connected to Baystate Medical Center
  • Central HVAC and 100 amp electrical service
  • Connected to Baystate Medical Center for direct access

Property Analytics

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Current Use

Daniel Maurice Hubbs, ... Physician Jonathan Y. Lee, ... Physician Pranay M. Parikh, ... Physician John M. Joelson, ... Physician Baystate Plastic & Reconstructive ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Dental Office Big Box & Wholesale Store

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

2,818
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01107, MA

11,252
Population
4,534
Households
2.5
Avg Household Size
32
Median Age
14%
College-Educated
65%
High-School Grad
1.5 sq mi
ZIP Area
7,501
Density / Sq Mi
$31,969
Median Household Income
$31,543
Median Earnings
$963
Median Rent
$215,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Approximately 5,300 SF medical office condominium connected to Baystate Medical Center with central HVAC and on-site parking garage.
Where is this medical office space located?
The property is located at 2 Medical Center Dr Springfield, MA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Approximately 5,300 SF medical office condominium space connected to Baystate Medical Center; Central HVAC and 100 amp electrical service; Connected to Baystate Medical Center for direct access
(413) 781-0066 Call to check price and availability
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