ss Allen St Springfield, MA 01118
- Commercial real estate
- 3.45 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for ss Allen St
- Lot size
- 3.45 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5221
- Latitude
- 42.0927
