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    120 Tapley St Springfield, MA 01104

    Sponsored
    For Lease
    Contact for pricing

    Industrial warehouse, 1.52 acres, for sale or lease.

    Lot size:
    38,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 120 Tapley St in Springfield, Massachusetts, presents a significant opportunity for businesses seeking flexible space. The single-tenant warehouse boasts a substantial 38,500 square feet of vacant space, ideal for a variety of industrial or flex uses. Built in 1954, the building sits on a generous 1.52-acre lot, providing ample room for expansion, storage, or outdoor operations. The warehouse features ceiling heights ranging from 17'8" to 12'5", offering versatility for different equipment and storage needs. The property is zoned Industrial 2, allowing for a wide range of permitted uses. The entire 38,500 square feet is currently available for sale or lease. Additionally, there is a potential for subdivision, with lease options available for spaces as small as 14,000 square feet. This prime Springfield location, with its convenient access to major transportation routes (specific details not provided), makes this property an attractive investment opportunity. The property's size and zoning make it suitable for a variety of businesses seeking a well-located, spacious industrial facility in the heart of Springfield, MA. The zip code is 01104.

    Property Features for 120 Tapley St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,500 SF

    Building Details

    Year Built
    1954

    Unit(s) available at that property

    Space
    Available Space
    Size
    38,500 SF

    HighLights

    • Multiple loading docks and drive‑in access.
    • Industrial zoning allowing diverse uses.
    • High ceilings exceeding 17 feet.
    • On‑site showroom and office space.
    • Excellent highway access via I‑291, I‑391, I‑91, and I‑9.
    Property Profile Location Intelligence

    Current Use by Public Records

    Legacy Insurance Co Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5633054
    Latitude
    42.1268077

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 1.52 acres, for sale or lease.
    Where is this distribution property located?
    The property is located at 120 Tapley St Springfield, MA.
    What are key features of this property?
    This property features: Multiple loading docks and drive-in access.; Industrial zoning allowing diverse uses.; High ceilings exceeding 17 feet.
    Request Owner's contact information
    120 Tapley St Springfield, MA 01104
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    Springfield, MA 01104
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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
    120 Tapley St Springfield, MA 01104
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