Warehouse with Permitted Auto
512 Saint James Avenue Springfield, MA 01109
512 Saint James Avenue, Springfield, MA, 01109
$699,900
For Sale
$699,900
Warehouse building includes overhead doors, multiple vehicle lifts, and fenced parking, with permits for gas station and auto repair.
Property Size3,000 SF
Price / SF$233.30
Days on Market155
Property Features for 512 Saint James Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing agency
Berkshire Hathaway HomeServices Realty Professionals
Listed by
Chester Ardolino
(413) 584-2900
Source
Mapleandmainrealty
Added: Feb 16 Updated: Jul 21 at 6:10PM Checked: Jul 21 at 6:10PM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
This warehouse building is being offered with permits for gas station, auto repair, used car license, and gas station license. The property has overhead doors and multiple vehicle lifts that are expected to transfer with the sale, supporting vehicle-focused operations.
The site is located on a corner and provides access to I-291, I-91, and the Mass Pike, serving both customer traffic and deliveries.
A secure, fenced-in parking lot is included, along with a history of used car and gas station licensing that may support multiple revenue streams within the permitted uses.
The site is located on a corner and provides access to I-291, I-91, and the Mass Pike, serving both customer traffic and deliveries.
A secure, fenced-in parking lot is included, along with a history of used car and gas station licensing that may support multiple revenue streams within the permitted uses.
Key Highlights
- Warehouse building built in 1935 with permits for gas station, auto repair, and used car license
- High‑visibility corner property on a heavily traveled Springfield road
- Overhead doors and multiple vehicle lifts are included and will transfer with the sale
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $19.20 |
| − Vacancy | −$4.0k | −$1.34 |
| EGI | $53.6k | $17.86 |
| − OpEx | −$13.4k | −$4.46 |
| NOI | $40.2k | $13.39 |
3,000 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$573.9K
$502.2K – $669.6K
NOI $40,176 @ 7.0% cap · market cap 5.74%
Second Best
Retail
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
Similar Off Market Nearby
- Bkaye Self Storage — 553 St James Ave, Springfield, MA 01109
FAQs
What type of property is this?
Warehouse - Warehouse building includes overhead doors, multiple vehicle lifts, and fenced parking, with permits for gas station and auto repair.
Where is this warehouse located?
The property is located at 512 Saint James Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Warehouse building built in 1935 with permits for gas station, auto repair, and used car license; High‑visibility corner property on a heavily traveled Springfield road; Overhead doors and multiple vehicle lifts are included and will transfer with the sale
