Restaurant with Outdoor
750 Boston Rd, Springfield, MA 01119
For Sale
New
$650,000
An equipped kitchen, bar, dance floor, and varied seating areas support restaurant and event use.
Property Size3,650 SF
Price / SF$178.08
Days on Market6
Property Features for 750 Boston Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Restaurant
Patio
Equipment Included
Taxes and HOA fees
Annual Taxes
Amenities
dance floor
big screen TV
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Community REALTORSÂ
(413) 586-8355
Listed By:
Stephanie Connors · License #9030118
(413) 218-8576
Source:
Castleknockrealtygroup
Added: Nov 4
Last Checked: Nov 8 at 7:25PM
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 Coldwell Banker Community REALTORSÂ
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Investment Insights
Based on property information with market context.
Configured for restaurant service, the 3,650-square-foot property includes a substantial kitchen with cooking equipment and utensils, a bar with ample working area, and seating arranged for both larger gatherings and smaller groups. Outdoor dining space and a dance floor add options for guests. A large-screen television is also installed.
The property is at 750 Boston Rd in Springfield, near Springfield Crossing. It was built in 1935 and carries B1, Legal Conforming zoning.
The property is at 750 Boston Rd in Springfield, near Springfield Crossing. It was built in 1935 and carries B1, Legal Conforming zoning.
Key Highlights
- 3,650‑square‑foot restaurant property
- Kitchen includes cooking equipment and utensils
- Bar, dance floor, outdoor dining, and seating areas for groups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,881
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,620
$977.6K
Cap Rate 7%
$698,300
$698.3K
Cap Rate 9%
$543,122
$543.1K
Market Conditions
NOI Build-Up for 3,650 SF
Gross rent
$70.1K $19.20/SF
− Vacancy
−$4.9K −$1.34/SF
EGI
$65.2K $17.86/SF
− OpEx
−$16.3K −$4.46/SF
NOI
$48.9K $13.39/SF
Area
Springfield, MA
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,620
Cap Rate 7%
$698,300
Cap Rate 9%
$543,122
Alternative Uses
Best Use
Specialty Retail
$698.3K
$611.0K – $814.7K
NOI $48,881 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.1K
$867.2K – $1.16M
NOI $69,379 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 17%
Groceries 16%
Apparel 16%
Price Rite
Groceries
25,606 visits/mo
0.2 miles
Kohl's
Apparel
25,250 visits/mo
0.2 miles
McDonald's
Dining
24,681 visits/mo
0.2 miles
Burger King
Dining
16,021 visits/mo
0.0 miles
Wendy's
Dining
14,796 visits/mo
0.1 miles
Demographics for 01119, MA
14,393
Population
5,517
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
88%
High-School Grad
3.5 sq mi
ZIP Area
4,112
Density / Sq Mi
$59,172
Median Household Income
$45,179
Median Earnings
$1,181
Median Rent
$222,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Hampden County, MA
Properties on Market for Conventional restaurants in Hampden County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Banana Brazil Springfield-MA — 995 Boston Rd, Springfield, MA 01119
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An equipped kitchen, bar, dance floor, and varied seating areas support restaurant and event use.
Where is this conventional restaurant located?
The property is located at 750 Boston Rd Springfield, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,650‑square‑foot restaurant property; Kitchen includes cooking equipment and utensils; Bar, dance floor, outdoor dining, and seating areas for groups
