2 Medical Ctr Dr Ste 306a, Springfield, MA 01107-1271
This exceptional medical office condominium offering presents a unique investment opportunity in Springfield, MA. Located at 2 Medical Center Drive, Suites 401 & 404 encompass a generous 3,394 square feet of well-maintained space. The suites are ideally configured for medical practices, featuring a welcoming waiting/reception area, multiple examination rooms designed for patient comfort and privacy, several private offices for consultations and administrative tasks, ample storage space, a convenient kitchen area, and well-appointed lavatories. The building itself is ADA accessible, ensuring compliance with accessibility standards and inclusivity for all patients and staff. A significant advantage is the property's strategic location adjacent to the Baystate Medical Center campus, providing immediate proximity to a major healthcare hub and enhancing visibility and patient access. Convenient on-site parking is available, utilizing both surface lots and an attached parking garage, eliminating parking concerns for patients and staff. Furthermore, the property enjoys excellent highway access, situated just 5 miles from Interstate 91, 1 mile from Interstate 391, and 1.5 miles from Interstate 291, facilitating easy commutes for both employees and patients from across the region. This turnkey medical office space represents a compelling opportunity for established practices seeking expansion or new ventures looking for a well-equipped and strategically located facility. The asking price for this exceptional property is $550,000.
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Daniel Maurice Hubbs, MD Physician
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Jonathan Y. Lee, MD Physician Medical Clinic
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Pranay M. Parikh, MD Physician
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John M. Joelson, MD, FACC Physician
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Baystate Plastic & Reconstructive Surgery - Springfield - Medical Center Drive Medical Clinic
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
R2 · 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.