Property profile

624 Worthington St Springfield, MA 01105

OFF-MARKET
Manufacturing properties
Property ID
US38-0775158
2,112 SF 0.11 ac lot Built 1904
Individually Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property at 624 Worthington Street in the heart of Springfield, MA, presents a unique investment opportunity. Situated on a 0.11-acre lot, this stand-alone building boasts a prime downtown location, just minutes from the casino, the MassMutual Center, and the Basketball Hall of Fame. The property features a newly installed private, partially paved driveway providing ample parking for patrons and employees. Large storefront windows offer excellent visibility for advertising, attracting potential customers. Inside, the building offers a versatile layout, including a dedicated office area, a conference room/break room, and a spacious open function hall in the rear. This expansive hall is ideal for small indoor and outdoor gatherings, currently utilized successfully as a dance studio and multi-purpose function hall. Recent upgrades include the installation of new hardwood flooring, updated lighting, and efficient mini-split heating and air conditioning systems. A convenient kitchen area is also included. The property currently generates a monthly rental income of $1500. The seller is motivated and may consider financing with a suitable offer. The property can be delivered vacant at closing, providing flexibility for the new owner. This is a rare opportunity to acquire a well-maintained, high-visibility commercial building in a thriving downtown area.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1904
Total area 2,112 SF
Lot 0.11 ac (4,613 SF)
Zoning code B1
APN SPRI S:12535 P:0060
UPID US38-0775158

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center
  • Real Estate Agency

Location

624 Worthington St Springfield, MA 01105-1113
Springfield metro Census 801200 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2026
7 recorded transactions
2026
$160,100
2026
Price N/A
2026
$1,500
2017
$45,000
2011
$1,557
1998
$1,500
1988
Price N/A

Zoning & alternative use

B1 · Springfield, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 624 Worthington St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message