ss Allen St, Springfield, MA 01118
This exceptional 3.45-acre commercial development opportunity is situated in a prime Springfield location at the highly visible, signalized intersection of Allen Street and Bicentennial Highway. Boasting over 30,000 vehicles passing daily, this parcel offers unparalleled exposure and accessibility. The property benefits from its strategic placement within one of Springfield's most affluent and densely populated neighborhoods, placing it in close proximity to a thriving retail environment. Neighboring businesses include Bicentennial Plaza, a successful local retail center, along with established national chains such as McDonald's, Wendy's, and Florence Bank, as well as several medical facilities. Its convenient location at the crossroads of Springfield's suburbs ensures strong east-west commuter traffic and easy access to the regional retail hub, Five Town Plaza. The property's zoning allows for a flexible range of commercial and residential uses, presenting numerous possibilities for developers. The site includes a dedicated right-of-way to the traffic signal, further enhancing its accessibility and appeal. This is a rare opportunity to acquire a significant parcel of land in a high-demand area with exceptional visibility and potential for substantial return on investment. The asking price is $1,050,000.
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.