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    FOR SALE
    Manufacturing properties

    1 Allen St, Springfield, MA 01108

    4,800 SF 0.31 ac lot Built 1941
    Individually Owned 27-yr Hold ~ Est. High Equity
    Property ID
    US38-1812088
    Property summary
    AI-generated overview

    This exceptional Springfield, MA industrial property presents a compelling investment opportunity. Located at 1 Allen Street, this historic mill building complex boasts 171,898 square feet of rentable space, situated on a 4.62-acre lot. The property, zoned Industrial A, offers a diverse range of possibilities, including warehouse, manufacturing, and even retail or office space. Built in phases between 1857 and 1941, with subsequent renovations, the structure features a mix of masonry, brick, stone, wood, and steel framing, with brick and masonry block exterior. The building's interior includes wood floors and wood decking ceilings ranging from 10 to 14 feet in height. Heating is provided by gas and forced warm air. A dry sprinkler system is in place for fire safety. Ample paved parking is available. This property is ideally located for convenient access to downtown Springfield and major interstates. Approved for federal and state historic tax credits and situated in an opportunity zone, this complex presents significant potential for development and redevelopment. The assessor's records indicate a total building size of 193,205 square feet. The roof is a combination of gable shingle and flat membrane.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1941
    Total area 4,800 SF
    Lot 0.31 ac (13,338 SF)
    Zoning code I2
    APN SPRI S:00280 P:1442
    UPID US38-1812088
    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
    Current use
    Occupant on record · Public records
    • M & E Mechanical Contractors General Contractor Construction Company
    • Aero-Bond Corporation Logistics Company Moving Company
    • Bio-Catalytic Enterprises Inc Corporate Office
    • L&G Signs & Designs Corp (Bike/Boat/Book/etc) Store Printing Service
    • Mainline Industries Inc Medical Supply Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Poly Metal Finishing · 27 yrs held
    Poly Metal Finishing
    since 1998
    7 recorded transactions
    2011
    2009
    2006
    2006
    2005
    2002
    2000
    Zoning & alternative use
    I2 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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