624 Worthington St, Springfield, MA 01105-1113
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.
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Rooted Essence: Dance & Healing Arts Training Center
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Sw Stamps Williams Family Realty Real Estate Agency
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
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.