Property profile

701-711 Main St Springfield, MA 01101

OFF-MARKET
Warehouses
4,445 SF 0.23 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,445-square-foot warehouse complex situated on a 0.23-acre lot at 701-711 Main Street in Springfield, Massachusetts, zip code 01101. The property consists of a single, one-story building divided into five individual units, each with separate utilities. Ample parking is available with 20 spaces provided. The building features a newer membrane roof. The property is zoned BA and enjoys a highly desirable location in a thriving plaza, surrounded by schools, shops, banks, restaurants, and other popular attractions. Its Main Street address ensures high traffic counts and convenient highway access, making it ideal for both investors seeking rental income and owner-users. The property's suburban, strip mall, and free-standing characteristics, combined with its public water and sewer utilities, contribute to its strong investment potential. Financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, multi-unit warehouse in a prime Springfield location. The asking price for this exceptional property is $650,000.

Property profile

Verified
Property type Warehouses
Total area 4,445 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

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

Location

701-711 Main St Springfield, MA 01101
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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