Page Blvd Springfield, MA 01104

Property Details for Page Blvd

Year built

1953

Lot size

0.67 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property, situated on Page Blvd in Springfield, MA, presents a unique investment opportunity. Spanning over half an acre (0.67 acres) and boasting 3278 square feet of A-zoned space, this property currently houses two restaurants and two ministries, all operating under short-term leases. Tenants are responsible for all utilities and renovations, minimizing owner responsibilities. The property's versatility allows for a wide range of uses, including but not limited to, a bank, chain store, or restaurant. Its previous tenant, a bank, left behind a significant asset: two large, two-lane concrete drive-thru lanes. This, combined with a substantial parking lot, eliminates parking concerns. The property's strategic location on Route 20 ensures high visibility and accessibility, with excellent proximity to major roadways including I-291, I-91, and the Massachusetts Turnpike. The existing infrastructure, including the drive-thru lanes, suggests potential for alternative uses such as a car wash or gas station, subject to obtaining the necessary permits. This property offers a compelling blend of existing income, prime location, and significant redevelopment potential, making it an attractive investment for discerning buyers. The asking price is $950,000.

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Longitude

-72.5661

Latitude

42.1285