Building Details

Building Size 800 SF

Year Built 1991

Listing Agency: Perella Real Estate C***@aol.com Show Phone

Listed By: Carl Perella · License #9018160 Show Phone

Source: Liongatere

Added: Apr 25 Changed: Aug 8 Last Checked: Apr 25 at 6:39AM

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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 Perella Real Estate

Investment Insights

Based on property information with market context.

This retail space is located on the first floor of a busy commercial center at the corner of Boston Road and Arnold Street, adjacent to the Ray-more and Flanagan plaza. The monthly rent is $1400, plus utilities. There is a possibility to expand into a contiguous 1200 square foot location, creating an end unit with a total area of 2000 square feet. This space is intended for retail use.

Key Highlights

• High‑traffic location at the corner of Boston Road and Arnold Street.
• Located in a busy retail center next to Ray‑more and Flanagan plaza.
• Affordable monthly rent of $1400 + utilities.

Property Analytics

Property Profile

Current Use

Smoke-Stock & Chimney Cleaning ... Building Supply

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

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

NNN (Triple Net)

Lease Type

$3.15 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

417

Businesses Nearby

156k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 17% Groceries 16% Apparel 16%

Price Rite Groceries

25,606 visits/mo 0.1 miles

Kohl's Apparel

25,250 visits/mo 0.5 miles

McDonald's Dining

24,681 visits/mo 0.4 miles

Burger King Dining

16,021 visits/mo 0.2 miles

Wendy's Dining

14,796 visits/mo 0.3 miles

Demographics for 01119, MA

14,393

Population

5,517

Households

2.6

Avg Household Size

35

Median Age

20%

College-Educated

88%

High-School Grad

3.5 sq mi

ZIP Area

4,112

Density / Sq Mi

$59,172

Median Household Income

$45,179

Median Earnings

$1,181

Median Rent

$222,900

Median Home Value

Market

Lease Benchmarks for Springfield, MA

$15.73 /SF/Yr

Avg Asking Price

$12.5–$21 /SF/Yr

Price Range

15,355 SF

Avg Space Size

This space is priced 33% above the average of $15.73 /SF/Yr.

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available in a busy commercial center.

Where is this retail space located?

The property is located at 16-24 Arnold Ave Springfield, MA.

What is the lease rate?

The lease rate is $21 SF/Yr.

What are key features of this property?

This property features: High‑traffic location at the corner of Boston Road and Arnold Street.; Located in a busy retail center next to Ray‑more and Flanagan plaza.; Affordable monthly rent of $1400 + utilities.