65 Springfield Rd Westfield, MA 01085-1855
- Showrooms
- 21,072 SF
- 2.94 lot acres
Current Use by Public Records
- Showrooms
Property Details for 65 Springfield Rd
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 2.94 lot acres
- Property size
- 21,072 SF
- Property type
- Showrooms
- APN
- WFLD M:113 L:3
- APU
- WFLDM113L3
Description
This exceptional two-story, Class B office building, totaling 22,419 square feet, presents a unique investment opportunity in Westfield, Massachusetts. Located at 65 Springfield Road, this property boasts a convenient location on Route 20, providing easy access to major highways I-90 and I-91. The building features three suites, with 3,600 square feet currently available for lease. Individual suites range from a minimum of 1,000 square feet to a maximum contiguous space of 2,600 square feet, catering to a variety of business needs. The property sits on 2.94 acres of land and offers ample on-site parking with a total of 50 spaces. Built in 1996, the well-maintained building includes convenient amenities such as a conference room and an elevator, enhancing its appeal to potential tenants. The property's versatile layout is suitable for various office uses, including medical, traditional, and executive office spaces. Its strategic location and comprehensive amenities make this a highly desirable property for businesses seeking a comfortable and efficient workspace in a thriving community. The property is zoned for office use and is situated in Hampden County, offering easy access to a diverse range of local amenities and services. This is an excellent opportunity to acquire a well-maintained, strategically located office building with significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,670,000
- 6.5%
- $1,820,000
- 7%
- $1,835,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,890,000
- Geo Method
- $1,610,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,940,000
- Retail
- $2,135,000
- Mixed-Use
- $1,985,000
- Hospitality
- $2,230,000
- Educational
- $2,270,000
- Residential Income
- $1,740,000
- Energy
- $2,205,000
- Income-Based Land
- $1,695,000
- Food Service
- $2,225,000
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.7129
- Latitude
- 42.1115
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
