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    2 Somers Rd Hampden, MA 01036

    Sponsored
    For Sale
    $1,100,000

    2.82-acre business-zoned lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.82-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Hampden, Massachusetts. Located at 2 Somers Road, this property boasts a highly visible hard corner location with convenient curb cuts on both Somers Road and East Longmeadow Road, ensuring excellent accessibility and exposure. The site benefits from its proximity to established businesses, including Monson Savings Bank and the Hampden Mini Mall, which includes the well-regarded La Cucina restaurant. This strategic positioning offers significant advantages for a variety of potential uses. The property is zoned for business use, opening doors to a wide range of development possibilities. Consideration could be given to medical office space, retail establishments with drive-thru capabilities, general office buildings, or even a bank branch. The asking price for this prime commercial land is $1,100,000. With its ideal location, ample size, and versatile zoning, this property represents a compelling investment opportunity for discerning developers and businesses seeking a prominent presence in Hampden. The property is situated in Hampden County, Massachusetts, with a zip code of 01036.

    Property Features for 2 Somers Rd

    General Information

    Property type
    Land
    Lot Size
    122,839 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampden
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.4406557
    Latitude
    42.058246

    Nearby Comparable

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      East Longmeadow Two-Family Home

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    FAQs

    What type of property is this?
    Land - 2.82-acre business-zoned lot, prime location.
    Where is this land located?
    The property is located at 2 Somers Rd Hampden, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (413) 731-7770
    Request Owner's contact information
    2 Somers Rd Hampden, MA 01036
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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
    2 Somers Rd Hampden, MA 01036
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