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Mixed-Use Building with Apartments
For Sale
$460,000

704-708 Sumner Avenue, Springfield, MA 01108

Street-level commercial space includes offices, reception and waiting areas, with apartments above.

Property Size5,327 SF
Price / SF$86.35
Days on Market91

Property Features for 704-708 Sumner Avenue

General Information

Standard status Active
Size 5,327 SF
Total Parking Spaces 3
Property subtype Multi-Family
Zoning B1

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Additional Details

Gross Income $56,400

Taxes and HOA fees

Annual Taxes $6,478

Building Details

Building Size 5,327 SF
Year Built 1920
Stories 2
Construction brick
Listing Agency: REMAX Executive Realty
Listed By: Chris Bernier
Source: Churchillprop
Added: Jun 3 Changed: Aug 31 Last Checked: Aug 31 at 12:44PM

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 REMAX Executive Realty

Investment Insights

Based on property information with market context.

Built in 1920, this 5,327-square-foot mixed-use property combines street-level commercial space with residential apartments on the upper level. The commercial component includes multiple offices, reception and waiting areas, prominent signage, and frontage along Sumner Avenue. A classic brick exterior, off-street parking, separate utilities, and multiple electrical panels support a flexible physical configuration. The roof is 15 years old, based on the property information provided.

The property is located near Forest Park, MGM Springfield, downtown Springfield, I-91, and the Massachusetts Turnpike. B1 zoning is in place. The combination of commercial and residential space provides a varied-use layout for an owner-occupant or investor, subject to applicable zoning and occupancy requirements.

Key Highlights

  • 5,327‑square‑foot mixed‑use property built in 1920
  • Street‑level commercial space with multiple offices, reception, waiting areas, and signage
  • Residential apartments occupy the upper level

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Gym & Fitness Center HVAC Service Furniture & Home Goods Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

881
Businesses Nearby

Demographics for 01108, MA

27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space includes offices, reception and waiting areas, with apartments above.
Where is this mixed-use property located?
The property is located at 704-708 Sumner Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 5,327‑square‑foot mixed‑use property built in 1920; Street‑level commercial space with multiple offices, reception, waiting areas, and signage; Residential apartments occupy the upper level
More about this property
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