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    1319 Main St Springfield, MA 01103

    Sponsored
    For Lease
    $18 SF/Yr

    Historic Downtown Springfield Office Space

    Lot size:
    22,957 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story, 22,957 square foot commercial building, constructed in 1876, presents a unique investment opportunity in the heart of Springfield, Massachusetts. Located at 1319 Main Street, this property boasts a prime location directly across from City Hall and the MassMutual Center, ensuring high visibility and accessibility. The building's B3 zoning allows for a variety of uses, including traditional office, executive office, creative office, and medical office spaces. Currently housing multiple tenants, including prominent local businesses, this building offers a strong existing revenue stream. The building features one structure with four stories and includes elevators for convenient access to all floors. Its prominent position on Main Street and its proximity to Court Square and the Market Place dining/retail courtyard provide unparalleled exposure to a high volume of foot and vehicle traffic. This historic building offers a blend of character and modern convenience, making it an ideal investment for discerning buyers seeking a well-established property in a thriving downtown area. The building's multiple tenancy structure provides diversification and stability. This is a rare opportunity to acquire a landmark property in a vibrant and growing city.

    Property Features for 1319 Main St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,957 SF
    Total Rate
    34435.5

    Building Details

    Year Built
    1876
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    110
    Size
    1,432 SF
    Rate per SF
    $18

    HighLights

    • High‑visibility location on Main Street in Springfield's bustling downtown area.
    • Direct highway access.
    • Proximity to the MassMutual Center.
    • Across from the Court Square redevelopment project.
    • Convenient to Springfield City Hall.
    Property Profile Location Intelligence

    Current Use by Public Records

    William C. Sullivan ... Visitor Center City Jewelry Jeweler Westfield Bank - ATM ... Atm

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Law Firm Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5885738
    Latitude
    42.1020433

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    FAQs

    What type of property is this?
    Medical office - Historic Downtown Springfield Office Space
    Where is this medical office located?
    The property is located at 1319 Main St Springfield, MA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Main Street in Springfield's bustling downtown area.; Direct highway access.; Proximity to the MassMutual Center.
    Request Owner's contact information
    1319 Main St Springfield, MA 01103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1319 Main St Springfield, MA 01103
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