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    FOR LEASE
    Office buildings

    281 Cottage St, Springfield, MA 01104

    1,983 SF 0.82 ac lot Built 1983
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US38-2499581
    Property summary
    AI-generated overview

    This renovated 1,515-square-foot standalone building in Springfield, MA, offers versatile office space perfect for various uses, including medical, executive, creative, traditional office, coworking, or industrial needs. Located at 281 Cottage St, this single-tenant property features a large waiting area, three private offices, a kitchenette, and an ADA-compliant restroom. A partial basement provides additional restrooms and storage. The building benefits from excellent visibility and signage at a high-traffic intersection (Cottage St and Robbins Rd), boasting over 15,000 vehicles daily. The property includes extensive paved on-site parking and enjoys convenient proximity to the interstate highway system (less than half a mile). The 36,650-square-foot lot provides ample space and opportunity. This property is situated at the entrance to the Springfield Industrial Park, offering easy access and high visibility. The recent renovations and clinic-ready build-out make this a move-in ready opportunity.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1983
    Total area 1,983 SF
    Lot 0.82 ac (35,650 SF)
    Zoning code I1
    APN SPRI S:03310 P:0301
    UPID US38-2499581
    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
    • Recovery Connection Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    1626 Bay Street LLC · 6 yrs held
    1626 Bay Street LLC
    since 2020
    Last sale
    $230,000
    1 recorded transaction
    2020
    $230,000
    Zoning & alternative use
    I1 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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