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    883 Alden St Springfield, MA 01109

    Sponsored
    For Lease
    $16 SF/Yr ($4,734 /Mo)

    Prime Springfield retail space, 3,400 sq ft.

    Lot size:
    3,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,400 square foot retail property located at 883 Alden Street in Springfield, Massachusetts, presents a unique investment opportunity. The space is currently vacant and offers a flexible layout suitable for a variety of commercial uses. Zoned for business, this single-tenant property boasts a generous 1,400 square feet of street-level retail space, perfectly suited for showcasing products and engaging customers. Adding significant value is a substantial 2,000 square foot lower-level warehouse, accessible via a convenient drive-in overhead door. This provides ample storage or additional workspace, ideal for inventory management or specialized operations. The property's location in Hampden County, with its zip code 01109, places it within a thriving commercial district alongside established businesses such as Wholesale Kitchen Supply and Bassett Boat Company. The total building size is 3,400 square feet, offering a substantial footprint for a business seeking to establish a strong presence in Springfield. The property's APN is 000. This versatile space is ready for immediate occupancy and presents an excellent opportunity for a business seeking a high-visibility location with ample space for retail operations and storage. The property is zoned BUSINESS.

    Property Features for 883 Alden St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,400 SF
    Total Rate
    4734.5

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,400 SF
    Rate per SF
    $16

    HighLights

    • 200‑foot frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bassett Yacht & Boat ... Boat Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -72.54219
    Latitude
    42.1126616

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    FAQs

    What type of property is this?
    Retail property - Prime Springfield retail space, 3,400 sq ft.
    Where is this retail property located?
    The property is located at 883 Alden St Springfield, MA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 200-foot frontage.; ;
    Request Owner's contact information
    883 Alden St Springfield, MA 01109
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    Springfield, MA 01109
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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
    883 Alden St Springfield, MA 01109
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