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    32 Pearl St Springfield, MA 01105

    Sponsored
    For Sale
    $200,000

    Prime 0.2-acre lot, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.207-acre commercial land parcel, located at 32 Pearl Street in Springfield, Massachusetts, presents a unique investment opportunity. Currently configured as a paved parking lot, this property boasts convenient access to major transportation arteries, including Interstates 91 and 291. Situated in Hampden County, zip code 01105, the lot is zoned for Business A use, offering a wide range of potential development options for entrepreneurs and investors. The property's strategic location just off Chestnut Street ensures high visibility and accessibility. With its relatively flat topography and existing paved surface, this site offers significant advantages for immediate development or redevelopment. The asking price for this prime commercial land is $200,000. This represents a compelling opportunity to acquire a well-situated parcel in a thriving Massachusetts market. The property's size and zoning make it suitable for a variety of commercial ventures, providing flexibility for future development plans. Don't miss this chance to secure a valuable asset in a desirable location.

    Property Features for 32 Pearl St

    General Information

    Property type
    Land
    Lot Size
    9,017 SF

    HighLights

    • 0.207‑acre commercial land parcel at 32 Pearl Street, Springfield, MA.
    • Convenient access to I‑91 and I‑291.
    • Zoned Business A in Hampden County (zip code 01105).
    • High visibility location off Chestnut Street.
    • Level topography with existing paved surface.
    • Asking price: $200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -72.588132205547
    Latitude
    42.105821680254

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    FAQs

    What type of property is this?
    Land - Prime 0.2-acre lot, ideal for business.
    Where is this land located?
    The property is located at 32 Pearl St Springfield, MA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 0.207-acre commercial land parcel at 32 Pearl Street, Springfield, MA.; Convenient access to I-91 and I-291.; Zoned Business A in Hampden County (zip code 01105).
    Request Owner's contact information
    32 Pearl St 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
    32 Pearl St Springfield, MA 01105
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