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    1168 Boston Rd Springfield, MA 01119

    For Sale
    Contact for pricing

    High-traffic 7,600 SF retail space in Springfield, MA

    Property size:
    7,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 7,600 square foot retail property, located at 1168 Boston Road in Springfield, Massachusetts (zip code 01119), presents a compelling investment opportunity. Situated on approximately 0.7 acres at the intersection of Boston Road and Temby Street, the property boasts ample surface parking. The building comprises three units: one currently occupied by a restaurant and two additional units ideally suited for local businesses or commercial office uses. This high-traffic location on Boston Road sees over 23,000 vehicles daily, benefiting from strong demographics and proximity to regional and national retailers. The B1 zoning allows for a variety of uses. The owner is flexible and open to build-to-suit or ground lease options, making this property adaptable to a range of business needs and investment strategies. This prime location offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The property's size and configuration provide flexibility for various business models.

    Property Features for 1168 Boston Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,600 SF

    HighLights

    • High‑traffic location on Boston Road, exceeding 23,000 vehicles daily.
    • 0.7‑acre lot at Boston Road and Temby Street with ample surface parking.
    • Three‑unit building; one restaurant space, two units suitable for retail or office.
    • Strong demographics and proximity to regional/national retailers.
    • Owner open to build‑to‑suit or ground lease options.
    Property Profile Location Intelligence

    Current Use by Public Records

    EBS Beauty Supply Store

    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
    -72.5053636
    Latitude
    42.1398079

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic 7,600 SF retail space in Springfield, MA
    Where is this lifestyle center located?
    The property is located at 1168 Boston Rd Springfield, MA.
    What are key features of this property?
    This property features: High-traffic location on Boston Road, exceeding 23,000 vehicles daily.; 0.7-acre lot at Boston Road and Temby Street with ample surface parking.; Three-unit building; one restaurant space, two units suitable for retail or office.
    Request Owner's contact information
    1168 Boston Rd Springfield, MA 01119
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    Springfield, MA 01119
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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
    1168 Boston Rd Springfield, MA 01119
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