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    Property profile & analytics
    OFF-MARKET Estimated value $595,000
    Turn key restaurants

    1506 Riverdale St, West Springfield, MA 01089-4640

    9,874 SF 1.29 ac lot Built 1829
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US38-0668381
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1829
    Construction FRAME
    Total area 9,874 SF
    Lot 1.29 ac (56,050 SF)
    APN WSPR M:00226 B:10050 L:000J3
    UPID US38-0668381
    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
    $605k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $788k
    Blend (final) Blend
    $595k
    Owner & transaction history
    Shiv Shambhu LLC · 5 yrs held
    Shiv Shambhu LLC
    since 2020
    Last sale
    $600,000
    7 recorded transactions
    2020
    $600,000
    2019
    2013
    $910,000
    2013
    2008
    $1
    2006
    1997
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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