1021 Main St Springfield, MA 01103

Property Details for 1021 Main St

Year built

1958

Lot size

0.16 lot acres

Property size

12,855 SF

Zone code

B2

Property type

Turn key restaurants

APN

SPRI S:08130 P:0584

APU

SPRIS08130P0584

Description

This exceptional downtown Springfield property at 1021 Main Street presents a compelling investment opportunity. The 0.16-acre lot houses a building featuring a currently leased retail space, generating immediate income potential, and a vacant restaurant space ready for a new tenant or owner-operator. The building underwent significant updates in 2013, ensuring modern functionality and appeal. Its prime location on Main Street places it within easy reach of a multitude of attractions and amenities, including the MGM Casino, MassMutual Center, Basketball Hall of Fame, various museums, and convenient highway access. This high-traffic location ensures excellent visibility and accessibility for any business. The property is available for purchase as a standalone investment or as part of a combined package with 982 Main Street (MLS #73323713), offering buyers flexibility to tailor their investment strategy. The asking price for this standalone property is $750,000. This presents a rare chance to acquire a well-maintained, income-producing property in a thriving urban center, ideal for investors seeking immediate returns or entrepreneurs looking to establish a presence in a high-demand location. The existing retail tenant provides a stable income stream, while the vacant restaurant space offers significant upside potential for future growth and revenue generation. The property's proximity to major attractions and transportation routes further enhances its investment value.

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Longitude

-72.5844

Latitude

42.0994

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments