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    OFF-MARKET
    Turn key restaurants

    1030 State St, Springfield, MA 01109-3132

    2,147 SF 0.4 ac lot Built 1970
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US38-1250272
    Property summary
    AI-generated overview

    This exceptional restaurant property at 1030 State Street in Springfield, Massachusetts, presents a compelling investment opportunity. The 2,147 square foot building, constructed in 1970, is situated on a sizable 0.4-acre lot (17,472 square feet). Its strategic location near the American International College campus, MassMutual, and downtown Springfield ensures high visibility and foot traffic. A key advantage is the inclusion of a drive-thru window, a feature granted via a special permit (verification with the City of Springfield Planning Department is recommended). The property is legally conforming to zoning regulations. The asking price is $550,000, translating to $256.17 per square foot. The sale does not include the existing business name. All provided information is subject to buyer verification. This single-story building offers significant potential for a variety of restaurant or quick-service restaurant (QSR) concepts. Its established location and convenient drive-thru access make it an attractive proposition for both established and emerging businesses in the thriving Springfield market. The property's size and location offer ample opportunity for expansion or modification to suit a buyer's specific needs. Serious inquiries are encouraged to explore this remarkable commercial real estate offering.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1970
    Total area 2,147 SF
    Lot 0.4 ac (17,472 SF)
    Zoning code SR2B1
    APN SPRI S:11110 P:0201
    UPID US38-1250272
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Cesar Ruiz · 1 yrs held
    Cesar Ruiz
    since 2024
    Last sale
    $485,000
    4 recorded transactions
    2024
    $485,000
    2004
    1993
    $185,000
    1987
    $160,000
    Zoning & alternative use
    SR2B1 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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