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    120 Tapley St Springfield, MA 01104

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    For Sale
    Contact for pricing

    Spacious industrial warehouse, ideal for lease or sale.

    Property size:
    38,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 38,500-square-foot warehouse, located at 120 Tapley Street in Springfield, Massachusetts, presents a significant opportunity for businesses seeking industrial space. Built in 1954, the property sits on a 1.52-acre lot and is zoned Industrial 2, allowing for a variety of uses. The warehouse boasts a ceiling height ranging from 12 feet 5 inches to 17 feet 8 inches, providing ample vertical space for storage or operations. There is one dock-high door for convenient loading and unloading. The property also features showroom and office space, adding versatility to its functionality. The building is divisible for lease, with a minimum leasable space of 14,000 square feet. Its strategic location offers excellent highway accessibility, with proximity to major routes including I-291, I-391, I-91, and I-9, ensuring efficient transportation and logistics. Multiple loading options further enhance the property's operational efficiency. This property is available for both sale and lease, making it a flexible option for various business needs. The property's size, zoning, and location make it a compelling option for a wide range of industrial and commercial enterprises.

    Property Features for 120 Tapley St

    General Information

    Property type
    Distribution properties
    Square Feet
    38,500 SF
    Lot Size
    66,211 SF

    Building Details

    Year Built
    1954

    HighLights

    • Multiple loading docks and drive‑in access.
    • Zoned for a wide variety of industrial uses.
    • High ceilings exceeding 17 feet.
    • On‑site showroom and office space available.
    • Excellent highway access via I‑291, I‑391, I‑91, and I‑9.
    Property Profile Location Intelligence

    Current Use by Public Records

    Legacy Insurance Co Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -72.5633054
    Latitude
    42.1268077

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    FAQs

    What type of property is this?
    Distribution property - Spacious industrial warehouse, ideal for lease or sale.
    Where is this distribution property located?
    The property is located at 120 Tapley St Springfield, MA.
    What are key features of this property?
    This property features: Multiple loading docks and drive-in access.; Zoned for a wide variety of industrial uses.; High ceilings exceeding 17 feet.
    Request Owner's contact information
    120 Tapley St Springfield, MA 01104
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    Springfield, MA 01104
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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
    120 Tapley St Springfield, MA 01104
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