701-711 Main St, Springfield, MA 01101
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.