Corner Retail
For Lease
$21 SF/Yr
16-24 Arnold Ave, Springfield, MA 01119
First-floor corner retail space in a busy center near Ray-more and Flanagan plaza, with expansion potential to a larger end unit.
Space SizeContact for details
Property Size800 SF
Days on Market165
Property Features for 16-24 Arnold Ave
General Information
Standard status
Active
Size
800 SF
Zoning
B1
Building Details
Building Size
800 SF
Year Built
1991
Listing Agency:
Perella Real Estate
(413) 525-9800
Listed By:
Carl M Perella · License #9018160
Source:
Insightrealtygroup
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 26 at 1:10PM
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 first-floor retail storefront is located on a corner in a busy retail center and offers direct street-facing presence. The unit is described as capable of expanding into a contiguous larger space, which would create an end unit configuration with additional square footage.
The property is situated at the intersection of Boston Road and Arnold Street and is positioned next to Ray-more and Flanagan plaza. The listing notes a monthly rent structure plus utilities.
For tenants looking for a straightforward retail footprint with the possibility of combining space, this location supports both an initial setup and an expansion path within the center.
The property is situated at the intersection of Boston Road and Arnold Street and is positioned next to Ray-more and Flanagan plaza. The listing notes a monthly rent structure plus utilities.
For tenants looking for a straightforward retail footprint with the possibility of combining space, this location supports both an initial setup and an expansion path within the center.
Key Highlights
- First‑floor corner retail space in a busy center on Boston Road and Arnold Street
- Next to Ray‑more and Flanagan plaza
- Currently rented for $1,400 per month plus utilities
Property Analytics
Property Profile
Current Use
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
$15.97 /SF/Yr
Avg Asking Price
$11.66–$21 /SF/Yr
Price Range
17,393 SF
Avg Space Size
This space is priced 32% above the average of $15.97 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - First-floor corner retail space in a busy center near Ray-more and Flanagan plaza, with expansion potential to a larger end unit.
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: First‑floor corner retail space in a busy center on Boston Road and Arnold Street; Next to Ray‑more and Flanagan plaza; Currently rented for $1,400 per month plus utilities
