1250 Saint James Ave Springfield, MA 01104
- Sports & entertainment properties
- 62,476 SF
- 11.28 lot acres
Current Use by Public Records
- Sports & entertainment properties
Property Details for 1250 Saint James Ave
- Year built
- 1999
- Lot size
- 11.28 lot acres
- Property size
- 62,476 SF
- Zone code
- S
- Property type
- Sports & entertainment properties
- APN
- SPRI S:11170 P:0182
- APU
- SPRIS11170P0182
Description
This exceptional 77,864 square foot executive office building, located at 1250 Saint James Avenue in Springfield, Massachusetts, presents a significant investment opportunity. Situated on a substantial 9.5-acre lot, the property boasts ample space and visibility. The building offers a clear height of 23 feet 10 inches, providing versatile options for office layouts and potential future expansion. Its prime location in Hampden County, with easy access to major transportation routes, ensures convenient commuting for employees and clients. The property's size and features make it ideal for a variety of businesses seeking a prominent presence in the Springfield market. A key advantage is the availability of pylon signage, offering excellent branding opportunities. The building provides full access, ensuring efficient operations and convenient access for all occupants. This is a rare opportunity to acquire a substantial, well-located executive office building in a thriving market. The property is being offered for sale and is ready for immediate occupancy. The expansive lot size also allows for significant future development potential. This is a truly remarkable opportunity for a discerning buyer.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,925,000
- 6.5%
- $5,255,000
- 7%
- $5,440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,365,000
- Geo Method
- $4,740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,310,000
- Retail
- $5,040,000
- Mixed-Use
- $5,975,000
- Hospitality
- $4,570,000
- Educational
- $5,240,000
- Residential Income
- $5,025,000
- Energy
- $4,580,000
- Income-Based Land
- $5,890,000
- Food Service
- $5,755,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.576
- Latitude
- 42.1406
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA