1522 Boston Rd Springfield, MA 01129
Property Lookup
Property profile & analytics
1522 Boston Rd Springfield, MA 01129
- Super regional malls
- 73,292 SF
- 3.82 lot acres
Property ID
US38-0578176
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
- Liquors 44 Springfield / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- Spirit Halloween / Party Supply Store / (Bike/Boat/Book/etc) Store
Property Details for 1522 Boston Rd
- Year built
- 1970
- Lot size
- 3.82 lot acres
- Property size
- 73,292 SF
- Zone code
- B1
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- SPRI S:01655 P:0296
- APU
- SPRIS01655P0296
Description
This exceptional retail property, Lowe's Plaza, located at 1522 Boston Road in Springfield, Massachusetts, presents a unique opportunity for a single tenant to occupy the entire 25,207 square foot space. Situated in Hampden County, this property is categorized as a regional mall shopping center, offering significant visibility and accessibility. The entire building is currently vacant, providing a blank canvas for a new business to establish a strong presence in the Springfield market. The property's address is easily accessible, offering convenient access for customers and employees alike. The expansive square footage allows for a wide range of retail configurations, from large-format stores to multi-use spaces. This is an ideal location for businesses seeking high visibility and ample space to showcase their products and services. The property's location within a regional mall setting provides inherent advantages, including potential synergy with existing businesses and access to a large customer base. This presents a rare chance to secure a substantial retail footprint in a desirable Springfield location. The property is ready for immediate occupancy, allowing for a swift and efficient launch of operations. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,115,000
- ML approach
- $9,520,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $16,360,000
- 6.5%
- $15,100,000
- 7%
- $14,020,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $8,045,000
- RESTAURANT
- $7,800,000
- OFFICE BUILDING
- $7,210,000
- AUTO REPAIR, GARAGE
- $6,840,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.492
- Latitude
- 42.1427
- 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
$129,311
$1,450,600
$2,101,900
$3,552,500
-
$0.00
$0.00
$0.00
