616 Boston Rd, Springfield, MA 01119-1302
This exceptional 4,800 square foot mixed-use property at 616 Boston Road, Springfield, MA, presents a unique investment opportunity. Built in 1971, this single-story building sits on a 0.23-acre lot and boasts excellent visibility in a high-traffic area alongside other major retailers. The property is zoned Business A and features a 14' high x 14' wide drive-in overhead door with a motorized opener, enhancing its suitability for various businesses. A new, large internally lighted sign ensures high visibility. Security features include perimeter and motion sensors, and CCTV cameras wired to an office. The versatile space is ideal for a variety of uses, including storefront retail, an auto shop, or creative office space. An additional 900 square feet of mezzanine space provides extra storage or office area. The asking price is $675,000, translating to $140.62 per square foot. The property is available for sale or lease, offering flexibility for potential buyers or tenants. This prime location offers significant potential for a business seeking high visibility and accessibility. The property's adaptable layout and modern features make it an attractive option for a wide range of commercial ventures.
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EDL Property Preservation Services Property Management Company
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
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.