Springfield Multi-Use Investment
For Sale
$1,800,000
289-307 Bridge St Springfield, Springfield, MA 01103
Two income-generating properties on high-traffic Bridge Street in Springfield, MA.
Property Size57,919 SF
Price / SF$31.08
Days on Market207
Property Features for 289-307 Bridge St Springfield
General Information
Standard status
Active
Size
57,919 SF
Zoning
B3
Taxes and HOA fees
Annual Taxes
$42,475
Building Details
Year Built
1923
Listing Agency:
Milestone Realty, Inc
Listed By:
Leanne McCormick
(774) 309-3101
Source:
Milestonerealtyinc
Added: Mar 27
Changed: Oct 7
Last Checked: Oct 7 at 8:46AM
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 Milestone Realty, Inc
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Investment Insights
Based on property information with market context.
Offered as an investment portfolio, these two multi-use properties are located on Springfield’s high-traffic Bridge Street. The properties can also be purchased individually. The first property, located at 289–307 Bridge St, features approximately 28,303 square feet of net rentable area and 57,919 square feet of gross area across six above-ground floors. It includes retail, office, bar/lounge, and restaurant spaces, along with a sub-grade support area. This building has long-standing tenants providing stable income, with some vacancies that offer value-add opportunities. The second property, located at 315–333 Bridge St, features approximately 26,700 square feet of net rentable and gross area across two above-ground floors. It includes retail and office space, plus a support area. The second floor is currently vacant, providing potential for additional income or redevelopment. Together, the portfolio totals 55,003 square feet of net rentable area and 84,619 square feet of gross building area. This is a rare opportunity to acquire a multi-tenant commercial portfolio on a high-traffic corridor, with diversified income streams from multiple tenant types and value-add and redevelopment potential.
Key Highlights
- Income‑generating portfolio of two multi‑use commercial properties on high‑traffic Bridge Street.
- Diversified income streams from retail, office, bar/lounge, and restaurant tenants.
- Significant net rentable area (55,003 SF) and gross building area (84,619 SF).
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,679
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two income-generating properties on high-traffic Bridge Street in Springfield, MA.
Where is this mixed-use property located?
The property is located at 289-307 Bridge St Springfield Springfield, MA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Income‑generating portfolio of two multi‑use commercial properties on high‑traffic Bridge Street.; Diversified income streams from retail, office, bar/lounge, and restaurant tenants.; Significant net rentable area (55,003 SF) and gross building area (84,619 SF).
