Downtown First-Floor Flex
For Sale
Contact for pricing
1675 Main St, Springfield, MA 01103
First-floor restaurant, retail, or office space available with potential to include an existing hood and sink.
Property Size1,909 SF
Price / SF$1.10
Days on Market113
Property Features for 1675 Main St
General Information
Standard status
Active
Size
1,909 SF
Property subtype
Commercial
Additional Details
Commercial Hood
Yes
Building Details
Year Built
1917
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Lockandkeyre
Added: Jun 30
Changed: Oct 19
Last Checked: Oct 19 at 11:16AM
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 Pioneer CRE
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Investment Insights
Based on property information with market context.
A first-floor space in downtown Springfield offering flexibility for restaurant, retail, or office use. The premises can include an existing restaurant hood and sink, which may support food-service operations. This layout is positioned to accommodate a variety of potential tenant needs within a single street-level configuration.
The space is located adjacent to transit hubs, including Union Station, supporting strong foot and vehicle traffic in the immediate area.
If you’re looking for a downtown storefront option with the ability to support food-service buildout, this space provides a straightforward starting point with the existing hood and sink included.
The space is located adjacent to transit hubs, including Union Station, supporting strong foot and vehicle traffic in the immediate area.
If you’re looking for a downtown storefront option with the ability to support food-service buildout, this space provides a straightforward starting point with the existing hood and sink included.
Key Highlights
- First‑floor restaurant, retail, or office space available for lease in downtown Springfield
- Space may include an existing restaurant hood and sink
- Located adjacent to transit hubs, including Union Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,129
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,580
$442.6K
Cap Rate 7%
$316,129
$316.1K
Cap Rate 9%
$245,878
$245.9K
Market Conditions
NOI Build-Up for 1,909 SF
Gross rent
$34.4K $18.00/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$31.6K $16.56/SF
− OpEx
−$9.5K −$4.97/SF
NOI
$22.1K $11.59/SF
Area
Springfield, MA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,580
Cap Rate 7%
$316,129
Cap Rate 9%
$245,878
Alternative Uses
Best Use
Specialty Retail
$365.2K
$319.6K – $426.1K
NOI $25,565 @ 7.0% cap · market cap 1,217.38%
Second Best
Retail
$316.1K
$276.6K – $368.8K
NOI $22,129 @ 7.0% cap · market cap 1,053.76%
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,286 @ 7.0% cap · market cap 1,727.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
3,309
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 37%
Hotels & Casinos 15%
Dunkin' Donuts
Dining
8,884 visits/mo
0.3 miles
Shell
Shops & Services
8,060 visits/mo
0.4 miles
La Quinta Inn & Suites Springfield
Hotels & Casinos
3,647 visits/mo
0.3 miles
Berkshire Bank
Shops & Services
3,041 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
328 visits/mo
0.2 miles
Demographics for 01103, MA
2,545
Population
1,728
Households
1.5
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
0.4 sq mi
ZIP Area
6,363
Density / Sq Mi
$21,458
Median Household Income
$38,156
Median Earnings
$1,053
Median Rent
$148,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - First-floor restaurant, retail, or office space available with potential to include an existing hood and sink.
Where is this conventional restaurant located?
The property is located at 1675 Main St Springfield, MA.
What are key features of this property?
This property features: First‑floor restaurant, retail, or office space available for lease in downtown Springfield; Space may include an existing restaurant hood and sink; Located adjacent to transit hubs, including Union Station
