54 Winter St Springfield, MA 01103-1504
This exceptional investment opportunity presents a versatile commercial property located at 54 Winter Street in Springfield, Massachusetts. The property encompasses a substantial 1000 square feet of space, ideally suited for a variety of uses. Currently configured as a garage, it's perfectly positioned for an auto repair business or retail sales operation. The building sits on a conveniently sized 0.07-acre lot, offering ample space for maneuvering and potential expansion. A significant advantage is the inclusion of an electric lift, complete with a compressor, which is being provided by the seller. This valuable equipment represents a substantial cost savings for the new owner, eliminating the need for a significant capital investment in essential tools. The asking price for this property is $225,000, presenting a compelling opportunity for investors seeking a strong return on their investment in a desirable Springfield location. The property's adaptability makes it an attractive prospect for entrepreneurs looking to establish a thriving business in a well-situated commercial space. The inclusion of the lift and compressor further enhances the property's value and potential for immediate operational efficiency. Serious inquiries are encouraged to explore this promising commercial real estate offering. The property is ready for immediate occupancy and offers a unique chance to acquire a well-equipped and strategically located commercial space in Springfield.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · 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.