1522 Boston Rd Springfield, MA 01129
- Super regional malls
- 73,292 SF
- 3.82 lot acres
Current Use by Public Records
- Liquors 44 Springfield / Liquor Store
- Spirit Halloween / Party Store / Costume Store
Property Details for 1522 Boston Rd
- Year built
- 1970
- Lot size
- 3.82 lot acres
- Property size
- 73,292 SF
- Zone code
- B1
- Property type
- Super regional malls
- APN
- SPRI S:01655 P:0296
- APU
- SPRIS01655P0296
Description
This exceptional retail property, Lowe's Plaza, located at 1522 Boston Road in Springfield, Massachusetts, presents a unique opportunity for a single tenant to occupy the entire 25,207 square foot space. Situated in Hampden County, this property is categorized as a regional mall shopping center, offering significant visibility and accessibility. The entire building is currently vacant, providing a blank canvas for a new business to establish a strong presence in the Springfield market. The property's address is easily accessible, offering convenient access for customers and employees alike. The expansive square footage allows for a wide range of retail configurations, from large-format stores to multi-use spaces. This is an ideal location for businesses seeking high visibility and ample space to showcase their products and services. The property's location within a regional mall setting provides inherent advantages, including potential synergy with existing businesses and access to a large customer base. This presents a rare chance to secure a substantial retail footprint in a desirable Springfield location. The property is ready for immediate occupancy, allowing for a swift and efficient launch of operations. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,750,000
- 6.5%
- $11,205,000
- 7%
- $10,955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,585,000
- Geo Method
- $12,955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $12,815,000
- Retail
- $10,850,000
- Mixed-Use
- $12,020,000
- Hospitality
- $10,820,000
- Educational
- $14,160,000
- Residential Income
- $12,035,000
- Energy
- $10,145,000
- Income-Based Land
- $13,200,000
- Food Service
- $11,200,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.492
- Latitude
- 42.1427
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
