160 Baldwin St West Springfield, MA 01089-5001
- Office buildings
- 4,310 SF
- 0.28 lot acres
Current Use by Public Records
- Doreen Prouty Registered Electrologist / Electrolysis Hair Removal Service / Hair Removal Service
Property Details for 160 Baldwin St
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.28 lot acres
- Property size
- 4,310 SF
- Property type
- Office buildings
- APN
- WSPR M:00124 B:02350 L:00007
- APU
- WSPRM00124B02350L00007
Description
This exceptional 4,310-square-foot office building, located at 160 Baldwin St in West Springfield, Massachusetts, presents a unique investment opportunity. Previously operating as a spa and wellness center, this Class B property is currently vacant and ready for immediate occupancy. The building sits on a 0.28-acre lot and offers ample parking with 24 surface spaces. Its versatile layout is suitable for a variety of executive or creative office uses, making it an ideal space for businesses seeking a modern and functional workspace. The property is zoned BB-1, offering flexibility for potential future development or expansion. The asking price is $425,000, translating to $121.81 per square foot. This represents a compelling value proposition in the desirable West Springfield market, offering a blend of functionality, convenience, and growth potential. The property's location in Hampden County, MA, zip code 01089, provides easy access to major transportation routes and local amenities. This is a rare opportunity to acquire a well-situated, versatile office building in a thriving community. Don't miss out on this chance to secure a valuable asset in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $390,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $360,000
- Mixed-Use
- $445,000
- Hospitality
- $370,000
- Educational
- $350,000
- Residential Income
- $345,000
- Energy
- $325,000
- Income-Based Land
- $370,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- West Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6221
- Latitude
- 42.0958
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA