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    1522 Boston Rd Springfield, MA 01129

    Sponsored
    For Lease
    Contact for pricing

    Prime Springfield Retail Opportunity: 25,207 SF Available

    Lot size:
    25,207 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, Lowe's Plaza, located at 1522 Boston Road in Springfield, Massachusetts, presents a unique opportunity for a single tenant to occupy the entire 25,207 square foot space. Situated in Hampden County, this property is categorized as a regional mall shopping center, offering significant visibility and accessibility. The entire building is currently vacant, providing a blank canvas for a new business to establish a strong presence in the Springfield market. The property's address is easily accessible, offering convenient access for customers and employees alike. The expansive square footage allows for a wide range of retail configurations, from large-format stores to multi-use spaces. This is an ideal location for businesses seeking high visibility and ample space to showcase their products and services. The property's location within a regional mall setting provides inherent advantages, including potential synergy with existing businesses and access to a large customer base. This presents a rare chance to secure a substantial retail footprint in a desirable Springfield location. The property is ready for immediate occupancy, allowing for a swift and efficient launch of operations. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers.

    Property Features for 1522 Boston Rd

    General Information

    Property type
    Super regional malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,207 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    25,207 SF

    HighLights

    • 25,207 SF junior box available for lease.
    • High‑traffic location at a signalized intersection on Route 20 (21,884 ADT).
    • Strong co‑tenancy with Stop & Shop, Lowe's, and Ocean State Job Lot.
    • Excellent demographics: over 61,797 residents within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liquors 44 Springfield Liquor Store Spirit Halloween Party Store

    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
    -72.492014
    Latitude
    42.142734

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    FAQs

    What type of property is this?
    Super regional mall - Prime Springfield Retail Opportunity: 25,207 SF Available
    Where is this super regional mall located?
    The property is located at 1522 Boston Rd Springfield, MA.
    What are key features of this property?
    This property features: 25,207 SF junior box available for lease.; High-traffic location at a signalized intersection on Route 20 (21,884 ADT).; Strong co-tenancy with Stop & Shop, Lowe's, and Ocean State Job Lot.
    Request Owner's contact information
    1522 Boston Rd Springfield, MA 01129
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    Springfield, MA 01129
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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
    1522 Boston Rd Springfield, MA 01129
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