979 Main St, Unit 101 Springfield, MA 01103
- Office Properties & Spaces
- 1,266 SF
Current Use by Public Records
- Zorzi Peter A / Architect
Property Details for 979 Main St
- Year built
- 1990
- Property size
- 1,266 SF
- Zone code
- SC2B2
- Property type
- Office Properties & Spaces
- APN
- SPRI S:08130 P:0760
- APU
- SPRIS08130P0760
Description
This exceptional three-story building, totaling 15,927 square feet, is undergoing a complete renovation with an estimated completion in 4-6 months. The revitalization includes the creation of four customizable retail or office spaces on the ground floor, ranging from approximately 1,560 to 2,885 square feet. Additionally, the renovation will feature three private offices totaling approximately 1,500 square feet on the upper floors. The second and third floors are being converted into modern residential apartments, offering unique live-work opportunities or employee housing. The property boasts 24 total parking spaces, including 20 dedicated off-street spaces and 15 on-street spaces. Conveniently located on Main Street, near Interstate 91, public transportation, CVS, MGM Springfield, and the city's downtown, this ADA-accessible building offers unparalleled access and visibility. The building is zoned B and situated in Hampden County, with a cross street of Williams. This is a single-tenant building, offering a unique opportunity to create a bespoke space tailored to your business needs. The building's recent 2024 renovation ensures modern amenities and a contemporary aesthetic. Don't miss this chance to secure prime commercial space in a rapidly developing area. The flexible floor plans allow for a variety of uses, making this property ideal for a range of businesses. The combination of office, retail, and potential residential space provides a unique and versatile opportunity for a discerning tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $835,000
- 6.5%
- $860,000
- 7%
- $840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $895,000
- Mixed-Use
- $845,000
- Hospitality
- $770,000
- Educational
- $715,000
- Residential Income
- $855,000
- Energy
- $790,000
- Income-Based Land
- $750,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.584
- Latitude
- 42.099
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA