Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

1506 Riverdale St West Springfield, MA 01089-4640

  • Turn key restaurants
  • 9,874 SF
  • 1.29 lot acres
OFF-MARKET
Value Estimation
$585,000
Last Sale
Sep 23, 2020
$600,000
Location Intelligence
Property ID
US38-0668381
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.

Current Use by Public Records

  • Turn key restaurants

Property Details for 1506 Riverdale St

Year built
1829
Construction
FRAME
Lot size
1.29 lot acres
Property size
9,874 SF
Property type
Turn key restaurants
APN
WSPR M:00226 B:10050 L:000J3
APU
WSPRM00226B10050L000J3

Description

This exceptional 1.29-acre commercial land parcel presents a remarkable opportunity for retail development in Hampden County. Its prime location offers unparalleled visibility and accessibility, situated near established big-box retailers, ensuring high foot traffic and strong brand recognition. The property is zoned for commercial use and is ideally suited for a variety of retail ventures, from restaurants and shops to service businesses. The single-tenant configuration allows for complete design flexibility and control over the development process. The seller is open to exploring both land lease and build-to-suit options, providing flexibility to accommodate diverse investment strategies and development preferences. This presents a unique chance to secure a highly desirable location for a new retail establishment or to expand an existing business. The property's size and location make it an attractive investment for developers seeking a high-return opportunity in a thriving retail market. Serious inquiries are encouraged to explore the possibilities and secure this exceptional piece of commercial real estate. The seller is motivated and ready to negotiate favorable terms. Don't miss this chance to capitalize on this prime retail location. All necessary utilities are available at the site. The property is easily accessible from major roadways, ensuring convenient access for customers and employees.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $585,000
  • CAP approach

    CAP return
    Estimation
    6%
    $625,000
    6.5%
    $615,000
    7%
    $535,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $515,000
    Geo Method
    $555,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $665,000
    Retail
    $645,000
    Mixed-Use
    $620,000
    Hospitality
    $680,000
    Educational
    $605,000
    Residential Income
    $585,000
    Energy
    $590,000
    Income-Based Land
    $570,000
    Food Service
    $605,000

Location Insight

  • Map
  • Local Demand
City
West Springfield
County
Hampden
State
Massachusetts
Longitude
-72.6292
Latitude
42.1446
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
2024
$36,258
$292,500
$924,200
$1,216,700
-
$0.00
$0.00
$0.00
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message