Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Cosmetic Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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