Mixed-Use Development Opportunity Near
36 Loring St, Springfield, MA 01105
For Sale
$200,000
Three parcels near MGM Springfield, offering development and creative space.
Property Size3,490 SF
Price / SF$57.31
Days on Market203
Property Features for 36 Loring St
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
NRG Real Estate Services, Inc.
Listed By:
Nick Gelfand
(413) 374-9979
Source:
Nrgrealestate
Added: Apr 24
Changed: Oct 25
Last Checked: Nov 3 at 10:10AM
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 NRG Real Estate Services, Inc.
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Investment Insights
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This offering presents a package sale featuring three parcels zoned Residence C. The left parcel, spanning 3,228 square feet, previously accommodated a two-family home and is identified as potentially developable, pending city approval. The right parcel, encompassing 4,994 square feet, formerly housed a six-family home and is also listed with the city as potentially developable. The rear parcel is improved with a warehouse/office building of 3,563 square feet, most recently utilized as a photography studio. The studio space includes a large open area with tall ceilings and a well-preserved 1980s kitchen used for photoshoots. Additional office and support space is available on the second level. The versatile layout is suitable for creative, studio, or content-production uses, among other possibilities. This unique investment opportunity is located near MGM Springfield, the Naismith Memorial Basketball Hall of Fame, and the various amenities of downtown Springfield. The location has a walk score of 71, indicating it is very walkable, and a transit score of 71, indicating excellent transit. The bike score is 32, indicating it is somewhat bikeable. Buyers should verify zoning, development potential, and intended use.
Key Highlights
- Three parcels included, offering development potential (subject to city approval)
- Rear parcel improved with a warehouse/office building suitable for creative, studio, or content‑production uses
- Located near MGM Springfield, Naismith Memorial Basketball Hall of Fame, and downtown Springfield amenities
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,947
Businesses Nearby
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Business Placement
Demographics for 01105, MA
12,051
Population
5,554
Households
2.2
Avg Household Size
33
Median Age
8%
College-Educated
64%
High-School Grad
1.2 sq mi
ZIP Area
10,043
Density / Sq Mi
$22,994
Median Household Income
$24,078
Median Earnings
$976
Median Rent
$238,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Hampden County, MA
Properties on Market for Mixed-use properties in Hampden County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three parcels near MGM Springfield, offering development and creative space.
Where is this mixed-use property located?
The property is located at 36 Loring St Springfield, MA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Three parcels included, offering development potential (subject to city approval); Rear parcel improved with a warehouse/office building suitable for creative, studio, or content‑production uses; Located near MGM Springfield, Naismith Memorial Basketball Hall of Fame, and downtown Springfield amenities
