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    OFF-MARKET
    Office buildings

    645 Belmont Ave, Springfield, MA 01108-2440

    2,820 SF 0.14 ac lot Built 1905
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US38-0819987
    Property summary
    AI-generated overview

    This exceptional Springfield, Massachusetts warehouse at 645 Belmont Ave presents a unique investment opportunity. The property boasts a substantial 220,800 square feet of total building space, with 3,000 square feet currently vacant and available for lease. Built in 1905, this three-story structure sits on a 0.14-acre lot and is zoned C1, offering considerable flexibility for a variety of commercial uses. The building features ten total parking spaces, providing ample convenience for tenants and visitors. The property's location in Hampden County, with its high traffic count and excellent visibility, makes it ideal for businesses seeking strong exposure. The existing infrastructure includes two full bathrooms, gas heat, and central air conditioning, ensuring a comfortable and functional workspace. The building is exceptionally well-maintained and suitable for a wide range of businesses, including professional offices, medical practices, service providers, retail outlets, social services, and educational institutions. The vacant space is currently available for lease at a competitive rate. The property's Assessed Parcel Number (APN) is S:01235 P:0238. This is a single-tenant building offering a rare opportunity to acquire a well-located, established warehouse in a thriving commercial area. Don't miss this chance to secure a valuable asset in a prime Springfield location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1905
    Total area 2,820 SF
    Lot 0.14 ac (5,902 SF)
    Zoning code C1
    APN SPRI S:01235 P:0238
    UPID US38-0819987
    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
    • Knight Real Estate Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    70 Milford Street RT · 1 yrs held
    70 Milford Street RT
    since 2024
    Last sale
    $318,000
    5 recorded transactions
    2024
    $318,000
    2023
    $290,000
    1999
    1988
    1988
    $115,000
    Zoning & alternative use
    C1 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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