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Financial
Distress signals
Property profile

280 Worthington St 302 Springfield, MA 01103

OFF-MARKET
Turn key restaurants
Property ID
US38-1836872
30,622 SF 0.28 ac lot Built 1900
Last sale Sep 2021 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 30,622-square-foot retail building located at 280 Worthington St in Springfield, Massachusetts, within the city’s historic downtown entertainment district. The structure contains seven separate street-level storefronts, providing multiple retail-facing spaces within a single larger commercial building, and includes substantial second-floor space that can support additional uses or future planning.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$676k
Assessed land$144k
Assessed improvement$533k
Effective rate3.64%

Value estimate

· Oct 2026
$365k
$329k – $402k
AI approach$685k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$86/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$32 – $204

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B3
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.9
Locksmith9.4
Tailor Shop9.1

Location

280 Worthington St, Unit 302 Springfield, MA 01103-2302
County assessor Recorded deeds · 12 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Frank B Murray, Springfield, MA 01103-1115 $525,000 Apr 2024 29,540 SF
232 Chestnut, Springfield, MA 01103-1108 $825,000 Nov 2023 13,262 SF
1628 Main, Springfield, MA 01103-1224 $758,000 Oct 2023 29,600 SF
45 Lyman, Springfield, MA 01103-1366 $425,000 Jun 2023 15,111 SF
27 Ft, Springfield, MA 01103 $780,000 Sep 2022 14,592 SF
1600 Main, Springfield, MA 01103-1800 $800,000 Apr 2021 15,679 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $525,000
    29,540 SF
    125 Frank B Murray St
    SHOW ROOM, WAREHOUSE
    125 Frank B Murray St, Springfield, MA 01103-1115
    View Details
  • Value Estimation
    $1,025,000
    34,622 SF
    113 Lyman St
    SHOW ROOM, WAREHOUSE
    113 Lyman St, Springfield, MA 01103-1315
    View Details
  • Value Estimation
    $700,000
    21,600 SF
    452 Brg St, Unit 472
    DEPARTMENT STORE
    452 Brg St, Springfield, MA 01103-1532
    View Details
  • Value Estimation
    $1,475,000
    49,068 SF
    170-172 Lyman St
    SHOW ROOM, WAREHOUSE
    170-172 Lyman St, Springfield, MA 01103
    View Details
  • Value Estimation
    $1,540,000
    51,765 SF
    162 Lyman St, Unit 168
    SHOW ROOM, WAREHOUSE
    162 Lyman St, Springfield, MA 01103-1304
    View Details
  • Value Estimation
    $730,000
    15,129 SF
    19-21 Harrison Ave
    FINANCIAL BUILDING
    19-21 Harrison Ave, Springfield, MA 01103
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    29,600 SF
    Four-Story Mixed-Use Historic Office Building
    Four-story masonry building with offices on upper floors and three retail units on the ground floor.
    1628-1666 Main St, Springfield, MA 01103
    View Details
  • $1,800,000
    57,919 SF
    Springfield Multi-Use Investment Portfolio
    Two income-generating properties on high-traffic Bridge Street in Springfield, MA.
    289-307 Bridge St, Springfield, MA 01103
    View Details
  • New
    $2,200,000
    65,000 SF
    Five-Story Mixed-Use Building
    Professional office, retail, and restaurant space with a full basement in a downtown business district.
    1380-1402 Main Street, Springfield, MA 01103
    View Details
  • New
    Contact for pricing
    13,500 SF
    Historic Downtown Office Building
    Multi-level office property with open workspace, upper-floor offices, and conference rooms in a prominent downtown setting.
    1351 Main St, Springfield, MA 01103
    View Details
  • $599,000
    6,375 SF
    Downtown Springfield Retail and Restaurant
    Retail and restaurant space in downtown Springfield.
    1021 Main St, Springfield, MA 01103
    View Details
  • New
    Contact for pricing
    2,924 SF
    Multi-Suite Retail Space
    Three retail suites offer flexible commercial occupancy within a B3-zoned property.
    115 Dwight St, Springfield, MA 01103
    View Details

Similar Nearby for Lease

  • New
    $15 SF/Yr
    2,924 sqft
    Retail Storefront Suites
    Three retail storefront spaces are available with a triple-net lease structure at 115 Dwight Street.
    115 Dwight Street, Springfield, MA 01103
    View Details
  • New
    $15 SF/Yr
    Springfield Retail Spaces Available
    Retail spaces for lease in Springfield, MA.
    115 Dwight St, Springfield, MA 01103
    View Details
  • New
    Contact for pricing
    330,600 sqft
    Class A Office Space Available
    Class A office and retail spaces in downtown Springfield for lease.
    1350 Main Street, Springfield, MA 01103
    View Details
  • New
    $3,000/Mo
    2,600 sqft
    Gutted Flex Space with New Roof
    Gutted interior supports a custom buildout for retail, office, or laundromat use.
    A-687 State St, Springfield, MA 01103
    View Details
  • $15 SF/Yr
    Retail Space in Downtown Springfield
    Retail space for lease in downtown Springfield's Market Place.
    1341 Main St rear, Springfield, MA 01103
    View Details
  • $2,000/Mo
    1,500 sqft
    Downtown Springfield Retail Space Available
    First-floor retail space in downtown Springfield with high visibility.
    1628-1640 Main Street, Unit 1640, Springfield, MA 01103
    View Details
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