Property profile

1168 Boston Rd Springfield, MA 01119

OFF-MARKET
Lifestyle centers
7,600 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Lifestyle centers
Total area 7,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

1168 Boston Rd Springfield, MA 01119
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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