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    OFF-MARKET
    Land

    2726 Main St, Springfield, MA 01107

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    Property summary
    AI-generated overview

    This exceptional 21,112 square foot commercial land parcel presents a unique investment opportunity in Springfield, Massachusetts. Located at 2726 & 2734 Main Street, and bordering Rear Main, West Main, and North Sheldon Streets, this property is situated in the desirable Memorial Square area and comprises four commercially zoned lots. The zoning designation is Business A, allowing for a variety of uses within main street and pedestrian-oriented shopping districts, with residential uses also permitted. This zoning caters to diverse settings, including neighborhood and inter-neighborhood shopping along major roadways connecting different parts of the city. The asking price is $422,240, translating to a land value of $20 per square foot. The property's strategic location offers significant advantages. It's conveniently located just one block from Interstate 91, providing easy access to major transportation routes, and a half-mile from the Baystate Medical Campus, a significant employment center. The lots are paved, further enhancing their immediate usability and development potential. This property is privately owned and presents a compelling opportunity for developers and investors seeking a well-located, commercially zoned land parcel in a thriving Springfield neighborhood. The zip code is 01107, and the property is in Hampden County.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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