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    911 Belmont Ave Springfield, MA 01108

    Sponsored
    For Sale
    $895,000

    12,476 SF Vacant Retail Space

    Property size:
    12,476 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,476 square foot vacant storefront at 911 Belmont Avenue in Springfield, MA, presents a unique investment opportunity. Built in 1930, this property boasts a prime location in the Forest Park neighborhood, offering excellent visibility and accessibility. The B1 zoning allows for a variety of retail uses. The property comprises three parcels, including a dedicated parking lot accommodating approximately 10-12 vehicles. Situated near a major intersection, it benefits from high daily foot and vehicle traffic. With a 0.39-acre lot size and a price per square foot of $71.74, this property offers significant potential for a business seeking a strong presence in a densely populated area. The location provides easy access to downtown Springfield, I-91, and I-90, connecting to northern Connecticut and Central Massachusetts. This former showroom building is ideal for a local business aiming to capitalize on the substantial customer base within a one-mile radius (nearly 40,000 people). The asking price is $895,000. This is a rare opportunity to acquire a well-positioned, sizable retail space in a thriving Springfield neighborhood.

    Property Features for 911 Belmont Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,476 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    1930

    HighLights

    • 12,476 SF vacant storefront in prime Springfield, MA location.
    • Dedicated parking lot for 10‑12 vehicles.
    • Excellent visibility and accessibility at major intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -72.544762632661
    Latitude
    42.083749938688

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    FAQs

    What type of property is this?
    Individual retail property - 12,476 SF Vacant Retail Space
    Where is this individual retail property located?
    The property is located at 911 Belmont Ave Springfield, MA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 12,476 SF vacant storefront in prime Springfield, MA location.; Dedicated parking lot for 10-12 vehicles.; Excellent visibility and accessibility at major intersection.
    Request Owner's contact information
    911 Belmont Ave Springfield, MA 01108
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    Springfield, MA 01108
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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
    911 Belmont Ave Springfield, MA 01108
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