Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Super regional malls

    1522 Boston Rd, Springfield, MA 01129

    73,292 SF 3.82 ac lot Built 1970
    Trust Owned 6-yr Hold Free & Clear
    Property ID
    US38-0578176
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1970
    Total area 73,292 SF
    Lot 3.82 ac (166,421 SF)
    Zoning code B1
    APN SPRI S:01655 P:0296
    UPID US38-0578176
    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
    Current use
    Occupant on record · Public records
    • Liquors 44 Springfield (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • Spirit Halloween Party Supply Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.52M
    CAP Approach CAP
    $15.10M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $10.85M
    Owner & transaction history
    Roy Ft Trust · 6 yrs held
    Roy Ft Trust
    since 2020
    Last sale
    $11.4M
    2 recorded transactions
    2020
    2001
    $11.4M
    Zoning & alternative use
    B1 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $8.0M +291.7%
    Restaurant $7.8M +279.9%
    Office building $7.2M +251.1%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    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