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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    2 Medical Ctr Dr Ste 306a, Springfield, MA 01107-1271

    319 SF Built 1990
    Individually Owned 35-yr Hold Free & Clear
    Property ID
    US38-0729165
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL CONDOMINUIM
    Year built 1990
    Total area 319 SF
    Zoning code R2
    APN SPRI S:08494 P:0153
    UPID US38-0729165
    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
    • Daniel Maurice Hubbs, MD Physician
    • Jonathan Y. Lee, MD Physician Medical Clinic
    • Pranay M. Parikh, MD Physician
    • John M. Joelson, MD, FACC Physician
    • Baystate Plastic & Reconstructive Surgery - Springfield - Medical Center Drive Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Med Educ Baystate · 35 yrs held
    Med Educ Baystate
    since 1991
    1 recorded transaction
    1991
    $47,850
    Zoning & alternative use
    R2 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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