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Retail With Warehouse Space
For Lease
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883 Alden St, Springfield, MA 01109

Retail space with office and warehouse for rent.

Space SizeContact for details
Property Size3,400 SF
Days on Market829

Property Features for 883 Alden St

General Information

Standard status Active
Size 3,400 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 3,400 SF
Tenancy Single

Spaces For Lease

at 883 Alden St Contact us

Available Space

Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Perella Real Estate Co. Inc
Listed By: Carl Perella · License #MA 9018160
Source: Crexi
Added: May 25, 2024 Changed: Aug 14 Last Checked: Aug 29 at 10:33PM

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 Perella Real Estate Co. Inc

Investment Insights

Based on property information with market context.

This property features a retail space with office and a full warehouse. The street-level retail area spans 1,400 square feet, complemented by a 2,000-square-foot lower-level warehouse accessible via a drive-in overhead door. The total area is 3,400 square feet. The property is located near Wholesale Kitchen Supply and Bassett Boat Company.

Key Highlights

  • 3400 Sq Ft Total Space, featuring 1400 Sq Ft of Street Level Retail Space plus a 2000 Sq Ft Full Basement Warehouse
  • Street Level Retail Space offers excellent visibility
  • Full Basement Warehouse provides ample storage or workspace

Property Analytics

Current Use

Bassett Yacht & Boat ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.51 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

296
Businesses Nearby

Demographics for 01109, MA

30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value

Market

Lease Benchmarks for Springfield, MA

$15.97 /SF/Yr
Avg Asking Price
$11.66–$21 /SF/Yr
Price Range
17,393 SF
Avg Space Size

This space is priced 5% above the average of $15.97 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with office and warehouse for rent.
Where is this retail space located?
The property is located at 883 Alden St Springfield, MA.
What is the lease rate?
The lease rate is $16.71 SF/Yr.
What are key features of this property?
This property features: 3400 Sq Ft Total Space, featuring 1400 Sq Ft of Street Level Retail Space plus a 2000 Sq Ft Full Basement Warehouse; Street Level Retail Space offers excellent visibility; Full Basement Warehouse provides ample storage or workspace
(413) 525-9800 Call to check price and availability
More about this property
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