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    OFF-MARKET
    Medical Office Space

    80 Congress St, Springfield, MA 01104-3564

    11,680 SF 1.09 ac lot Built 1976
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US38-2422235
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 80 Congress Street in Hampden County, offers 13,000 square feet of space in a single, one-story building constructed in 1971. The property sits on 1.09 acres of land and features ample parking with 76 spaces. Currently, there are three suites, with 6,000 square feet of vacant space available for lease. Individual suites range from a minimum of 1,500 square feet to a maximum contiguous space of 3,000 square feet, making it ideal for a variety of medical practices. The building boasts a 10-foot ceiling height and is equipped with 3-phase power. While elevators are not present, the single-story design ensures easy accessibility. The property is zoned for business use and enjoys a convenient downtown location with easy highway access via Routes 291, 91, and 391. Property taxes are $3.67 per square foot. The all-inclusive lease rate of $23.00 per square foot covers heat, air conditioning, water, taxes, snow removal, ground maintenance, and trash removal. This building is situated near established medical and physical therapy practices, creating a thriving medical pavilion environment. The property is perfect for medical, dental, daycare, yoga, or day spa businesses. The cross street is Main Street.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1976
    Total area 11,680 SF
    Lot 1.09 ac (47,655 SF)
    Zoning code I2
    APN SPRI S:03115 P:0022
    UPID US38-2422235
    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
    • Nermina Bukalo Physician
    • Kathleen Haughton Physician
    • Myra Kenny Physician
    • Terrance Clarke Physician
    • Carol Hansen Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    80 Congress St Prop LLC · 21 yrs held
    80 Congress St Prop LLC
    since 2004
    4 recorded transactions
    2004
    $950,000
    2003
    $925,000
    2002
    $583,000
    1988
    Zoning & alternative use
    I2 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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