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    1 Federal St Springfield, MA 01105

    Sponsored
    For Lease
    Contact for pricing

    Prestigious Office Space Available

    Lot size:
    250,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional executive office space at 1 Federal St in Springfield, MA, offers a range of suite sizes from 450 to 31,750 square feet within a 250,000 square foot, eight-building campus situated on 15.3 acres. The Springfield Technology Park boasts a secure, gated environment with 800 on-site parking spaces, providing ample convenience for employees and clients. The property features 24/7 security and on-site professional management, ensuring a safe and efficient work environment. On-site amenities include the Olde Armory Grille, offering breakfast, lunch, and catering services, as well as dedicated conference space for meetings and presentations. The location is ideal for businesses seeking a prestigious address in a thriving technology park, home to a diverse range of professional office users, data centers, and tech-based companies. Multiple tenancy options are available, with a minimum divisible space of 675 square feet. Currently, six spaces are immediately available. The property is located in Hampden County, MA, and benefits from its historical setting on the grounds of the former Springfield Armory. This is a unique opportunity to secure high-quality office space in a well-maintained and amenity-rich environment.

    Property Features for 1 Federal St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    250,000 SF

    Unit(s) available at that property

    Space
    Building 103-3C
    Size
    934 SF
    Space
    Building 101-1
    Size
    675 SF
    Space
    Building 101-3
    Size
    675 SF
    Space
    Building 111-4 East
    Size
    4,500 SF
    Space
    Building 103-3
    Size
    1,270 SF
    Space
    Building 103-3D
    Size
    8,510 SF

    HighLights

    • Excellent access to major highways: I‑91, I‑291, and the Mass Pike (I‑90).
    • 24/7 security on‑site.
    • Conveniently located, just 20 minutes from Bradley International Airport.
    • On‑site cafeteria for tenant convenience.
    • Ample parking with 800 spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Feld Computing Computer Repair Service George Ramsey Insurance Agency Shannon Ortega Insurance Agency Elizabeth Persch Insurance Agency Sodexo Caterer

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5764861
    Latitude
    42.1097286

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Office Space Available
    Where is this office property / space located?
    The property is located at 1 Federal St Springfield, MA.
    What are key features of this property?
    This property features: Excellent access to major highways: I-91, I-291, and the Mass Pike (I-90).; 24/7 security on-site.; Conveniently located, just 20 minutes from Bradley International Airport.
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    1 Federal St Springfield, MA 01105
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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
    1 Federal St Springfield, MA 01105
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