1522 Boston Rd, Springfield, MA 01129
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.
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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
B1 · 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.