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Property profile

480 St James Ave Springfield, MA 01109

OFF-MARKET
Industrial properties
9,006 SF 0.93 ac lot Built 1918
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Property summary

AI-generated overview

This centrally located Springfield, MA industrial flex building offers 5,500 square feet of adaptable space in a single-story, 9,006 square foot building on a 0.92-acre lot. The property, built in 1918 and classified as Class B, features a convenient location with frontage on St. James Avenue and proximity to Montford Street. The space includes a well-appointed office section with four private offices, a reception area, a conference/break room, and two restrooms. The shop area boasts ceiling heights ranging from 14 to 17 feet, providing ample vertical space. A 12' high by 14' wide grade-level door ensures easy access for loading and unloading. Additional mezzanine storage is available to maximize efficiency. The property is zoned Business B/Industrial and is situated in Hampden County, offering easy access to Interstate 291, providing quick connections to the Massachusetts Turnpike and Interstate 91. The building has one drive-in door. The entire building consists of two suites, with 5,500 square feet currently vacant and available for lease. The minimum divisible space is 5,500 square feet, and the maximum contiguous space available is also 5,500 square feet.

Property profile

Verified
Property type Industrial properties
Year built 1918
Total area 9,006 SF
Lot 0.93 ac (40,467 SF)

Cap rate & NOI

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

Location

480 St James Ave Springfield, MA 01109
Springfield metro
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Value estimations

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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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