1886 Allen St Springfield, MA 01118
This exceptional 4,050 square foot retail property located at 1886 Allen Street in Springfield, Massachusetts, presents a compelling investment opportunity. Currently occupied by two tenants—a pizza shop and a nail salon—both spaces are vacant upon sale, offering immediate flexibility for the new owner. The property boasts a prominent 200-foot frontage, ensuring excellent visibility and accessibility for potential businesses. Situated in a high-traffic area, the location benefits from proximity to major retailers such as Stop & Shop and Big Y Gas, guaranteeing consistent foot traffic. The property is zoned for business use, allowing for a wide range of commercial ventures. The asking price is $699,000, translating to $172.59 per square foot. The property's Assessed Parcel Number (APN) is 002800590. This versatile space is ideal for an owner-user seeking a prime location or an investor looking to lease to multiple tenants. The Springfield MSA location and Hampden County placement offer strong potential for return on investment. Don't miss this chance to acquire a thriving retail space in a bustling commercial area.
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
Similar Nearby for Sale
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.