15 Hampden St, Springfield, MA 01103
For Lease
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This exceptional downtown Springfield executive office space offers 4,500 square feet of immediately available space in a three-story, 9,000 square foot Class C building. The property is situated on a 0.1-acre lot and features a single-tenant occupancy, perfect for a growing business seeking a prominent location. The space is divisible to a minimum of 1,500 square feet, with a maximum contiguous space of 3,000 square feet, offering flexibility for various business needs. The building boasts a total of two suites and ample parking with over 100 spaces conveniently located nearby. Utilities include 3-phase power. The building is zoned B3, allowing for a variety of commercial uses. While elevators are not present, the building's three stories are easily accessible. Property taxes are a competitive $2 per square foot. The address is 15-19 Hampden St, conveniently located near Main Street, offering easy access to downtown amenities and public transportation. Currently, a successful dental group and a nail salon occupy the remaining space, providing a vibrant and established business environment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Springfield, MASpringfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.