1030 State St Springfield, MA 01109-3132
Property profile & analytics
1030 State St Springfield, MA 01109-3132
- Turn key restaurants
- 2,147 SF
- 0.40 lot acres
Property ID
US38-1250272
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 1030 State St
- Year built
- 1970
- Lot size
- 0.40 lot acres
- Property size
- 2,147 SF
- Zone code
- SR2B1
- Property type
- Turn key restaurants
- APN
- SPRI S:11110 P:0201
- APU
- SPRIS11110P0201
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5568
- Latitude
- 42.1141
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,888
$112,100
$104,600
$216,700
-
$0.00
$0.00
$0.00
