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    616 Boston Rd Springfield, MA 01119

    For Sale
    $675,000

    High-Traffic Retail/Office Space

    Property size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,800 square foot mixed-use property at 616 Boston Road, Springfield, MA, presents a unique investment opportunity. Built in 1971, this single-story building sits on a 0.23-acre lot and boasts excellent visibility in a high-traffic area alongside other major retailers. The property is zoned Business A and features a 14' high x 14' wide drive-in overhead door with a motorized opener, enhancing its suitability for various businesses. A new, large internally lighted sign ensures high visibility. Security features include perimeter and motion sensors, and CCTV cameras wired to an office. The versatile space is ideal for a variety of uses, including storefront retail, an auto shop, or creative office space. An additional 900 square feet of mezzanine space provides extra storage or office area. The asking price is $675,000, translating to $140.62 per square foot. The property is available for sale or lease, offering flexibility for potential buyers or tenants. This prime location offers significant potential for a business seeking high visibility and accessibility. The property's adaptable layout and modern features make it an attractive option for a wide range of commercial ventures.

    Property Features for 616 Boston Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    4,800 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1971
    Stories
    1

    HighLights

    • High‑traffic location with excellent retail visibility.
    • Ideal for retail sales and showroom operations.
    • Attractive lease rates available.
    • New, large, internally illuminated signage.
    • 5,700 square feet total (4,800 SF main level + 900 SF mezzanine).
    • Available for sale or lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EDL Property Preservation ... Property Management Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.52400578
    Latitude
    42.13486979

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    FAQs

    What type of property is this?
    Automotive property - High-Traffic Retail/Office Space
    Where is this automotive property located?
    The property is located at 616 Boston Rd Springfield, MA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: High-traffic location with excellent retail visibility.; Ideal for retail sales and showroom operations.; Attractive lease rates available.
    Request Owner's contact information
    616 Boston Rd Springfield, MA 01119
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    Springfield, MA 01119
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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
    616 Boston Rd Springfield, MA 01119
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