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    939 Columbus Ave Springfield, MA 01105

    For Sale
    $650,000

    Historic Springfield Office, High Visibility, Investment Potential

    Property size:
    5,469 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 5,469 square foot, two-story office building located at 939 East Columbus Ave, Springfield, MA, 01105. Built in 1910, this property is zoned B2 and offers significant potential for a variety of uses. The building's prime location in a bustling commercial corridor ensures high traffic visibility and convenient access to major roadways. The expansive square footage allows for flexible layouts, making it suitable for retail, office, or mixed-use development. Its strategic location offers easy access to local amenities, including restaurants, shopping centers, and public transportation, enhancing its appeal to businesses and customers alike. The asking price is $650,000, translating to $118.85 per square foot. This represents a strong investment opportunity with potential for substantial rental income and property appreciation in a high-growth area. The property's historic character combined with its modern potential makes it a unique and attractive investment. This is a rare chance to acquire a well-situated commercial property in a thriving Springfield neighborhood. The building's versatility and location make it an ideal choice for savvy investors seeking a strong return on investment.

    Property Features for 939 Columbus Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,469 SF

    Building Details

    Year Built
    1910
    Stories
    2

    HighLights

    • $650,000 asking price for this Springfield, MA office building.
    • 5,469 square feet of traditional office space.
    • $118.85 price per square foot.
    • 1910 construction, two‑story building.
    • B2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5830032
    Latitude
    42.094255

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Springfield Office, High Visibility, Investment Potential
    Where is this office property / space located?
    The property is located at 939 Columbus Ave Springfield, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price for this Springfield, MA office building.; 5,469 square feet of traditional office space.; $118.85 price per square foot.
    (413) 459-4535
    Request Owner's contact information
    939 Columbus Ave Springfield, MA 01105
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    Springfield, MA 01105
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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
    939 Columbus Ave Springfield, MA 01105
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