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    34 Sumner Ave Springfield, MA 01108

    For Sale
    $299,000

    2,710 SF, 5 offices, great location.

    Property size:
    2,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,710-square-foot medical office space, located at 34 Sumner Avenue in Springfield, Massachusetts, presents a unique investment opportunity. Priced at $299,000, this Class B property boasts a desirable modified lease type and is situated within a well-maintained private condominium building featuring 48 residential units. The building underwent a complete common area renovation in 2023. The unit itself is a ground-level, first-floor space with a dedicated private entrance and direct street access, ensuring high visibility and convenient access for patients and clients. The interior layout includes five offices, a reception/waiting area, a kitchen, two bathrooms, and ample storage space. Large windows provide abundant natural light. This high-traffic location benefits from its proximity to public transportation (bus route) and easy highway access (0.8 miles to I-91), making it easily accessible for a wide range of clientele. Dedicated reserved parking is available in a private parking lot, with garage parking also an option. The property is ideally situated in the historic Forest Park neighborhood of Springfield, MA, zip code 01108. This versatile space is suitable for various uses, including medical, office, or retail purposes. The property is currently configured as a medical office, but its adaptable layout allows for easy customization to suit diverse business needs.

    Property Features for 34 Sumner Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,710 SF
    Class
    B

    Building Details

    Year Renovated
    2023
    Units
    48

    HighLights

    • 2,710 SF of versatile space suitable for office, retail, or medical use.
    • Features five offices, reception area, kitchen, two bathrooms, and storage.
    • Located in a professionally managed, well‑maintained condo building (48 residential units) with common areas renovated in 2023.
    • Ground‑floor space with private entrance, street access, abundant natural light.
    • Situated in the historic Forest Park neighborhood.
    • Convenient highway access (0.8 miles to I‑91).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pioneer Valley Legal ... General Practice Attorney Sumner Place At Forest ... Condominium Complex Asteroid Belt School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5753308
    Latitude
    42.083526

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    FAQs

    What type of property is this?
    Medical office - 2,710 SF, 5 offices, great location.
    Where is this medical office located?
    The property is located at 34 Sumner Ave Springfield, MA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 2,710 SF of versatile space suitable for office, retail, or medical use.; Features five offices, reception area, kitchen, two bathrooms, and storage.; Located in a professionally managed, well-maintained condo building (48 residential units) with common areas renovated in 2023.
    Request Owner's contact information
    34 Sumner 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
    34 Sumner Ave Springfield, MA 01108
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