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    Specialty properties

    19 Baldwin St, West Springfield, MA 01089

    34,000 SF Built 1987
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 51-unit apartment complex located at 19 Baldwin St, West Springfield, MA 01089. The property, built in 1987, encompasses 34,000 square feet across two stories in a single building. Priced at $3,600,000, this translates to a price per square foot of $105.88 and a price per unit of $70,588.24. The property boasts a recently updated infrastructure, including new HVAC systems installed just two years prior, ensuring energy efficiency and tenant comfort. The roof, only 12 years old, is in excellent condition, minimizing future maintenance concerns. A comprehensive sprinkler system is in place, meeting all necessary safety standards. Currently vacant, this property offers a unique opportunity for redevelopment or repurposing. Its strategic location directly across from the Big E provides exceptional visibility and accessibility, making it ideal for a variety of commercial or residential ventures. The substantial square footage allows for considerable flexibility in development plans, promising significant return on investment. This property presents a rare chance to acquire a well-maintained, strategically located asset with immense potential for future growth and profitability in a thriving market.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1987
    Total area 34,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Regency Inn & Suites Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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