Technical
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Property profile

883 Alden St Springfield, MA 01109

OFF-MARKET
Retail properties & Spaces
3,400 SF
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Property summary

AI-generated overview

This exceptional 3,400 square foot retail property located at 883 Alden Street in Springfield, Massachusetts, presents a unique investment opportunity. The space is currently vacant and offers a flexible layout suitable for a variety of commercial uses. Zoned for business, this single-tenant property boasts a generous 1,400 square feet of street-level retail space, perfectly suited for showcasing products and engaging customers. Adding significant value is a substantial 2,000 square foot lower-level warehouse, accessible via a convenient drive-in overhead door. This provides ample storage or additional workspace, ideal for inventory management or specialized operations. The property's location in Hampden County, with its zip code 01109, places it within a thriving commercial district alongside established businesses such as Wholesale Kitchen Supply and Bassett Boat Company. The total building size is 3,400 square feet, offering a substantial footprint for a business seeking to establish a strong presence in Springfield. The property's APN is 000. This versatile space is ready for immediate occupancy and presents an excellent opportunity for a business seeking a high-visibility location with ample space for retail operations and storage. The property is zoned BUSINESS.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,400 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

883 Alden St Springfield, MA 01109
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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