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    1402 Main St Springfield, MA 01103

    For Lease
    $15 SF/Yr

    High-traffic retail space, 3,300 SF available.

    Lot size:
    20,745 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity is located at 1402 Main Street in Springfield, Massachusetts, within Hampden County. The space totals 3,300 square feet, part of a larger 20,745 square foot multi-tenant building. This inviting, open floor plan is ideal for a variety of retail or convenience store uses. The property boasts a prime location on Main Street, offering excellent visibility and accessibility. Its strategic placement along the PVTA bus route ensures convenient access for customers utilizing public transportation. Furthermore, the property benefits from its proximity to the MGM Casino and the availability of free garage parking, enhancing its appeal to both employees and patrons. The location provides easy access to major highways, including I-91, I-291, and Routes 5 & 147 in West Springfield, ensuring convenient access for commuters and customers from a wider geographic area. The asking rent is $15 per square foot, plus utilities. This property presents a unique chance to establish or expand a business in a thriving and highly visible location. Don't miss this opportunity to secure a space in a bustling commercial area with excellent transportation links and ample parking. The zip code is 01103.

    Property Features for 1402 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,745 SF
    Total Rate
    25931.25

    Unit(s) available at that property

    Space
    Space Available
    Size
    3,300 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    MI ESQUINA BORICUA, ... Cosmetics Industry

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Law Firm Food Market 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
    -72.5901402
    Latitude
    42.102343

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 3,300 SF available.
    Where is this retail property located?
    The property is located at 1402 Main St Springfield, MA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    1402 Main St Springfield, MA 01103
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    Springfield, MA 01103
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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
    1402 Main St Springfield, MA 01103
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