645 Belmont Ave, Springfield, MA 01108-2440
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.
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Knight Real Estate 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 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
C1 · 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.