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    FOR LEASE
    Turn key restaurants

    99 Springfield Rd, Westfield, MA 01085

    27,165 SF 7.88 ac lot Built 1988
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US38-1271159
    Property summary
    AI-generated overview

    This exceptional single-tenant retail property at 99 Springfield Rd, Westfield, MA 01085, offers 4,400 square feet of prime commercial space. Built in 1988 and renovated in 2016, the one-story building sits on a 3-acre lot and boasts 250 parking spaces, ensuring ample customer convenience. Its strategic location along a busy main road in Westfield guarantees high visibility and easy access for customers. The property's significant advantage includes a 9,000 square foot pad site, presenting a unique opportunity for expansion or complementary business development. This property is ideal for businesses seeking a prominent location with excellent visibility and ample parking in a thriving Westfield commercial area. The property's substantial parking capacity and convenient location make it an attractive option for a wide range of retail businesses. The recent renovations ensure the space is modern and well-maintained, ready for immediate occupancy. The combination of size, location, parking, and the additional pad site makes this a truly exceptional opportunity for a discerning tenant. This is a rare chance to secure a highly visible and well-equipped retail space in a desirable Westfield location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1988
    Construction STEEL FRAME
    Total area 27,165 SF
    Lot 7.88 ac (343,253 SF)
    APN WFLD M:113 L:5
    UPID US38-1271159
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.58M
    Blend (final) Blend
    $1.55M
    Owner & transaction history
    N&j LLC · 12 yrs held
    N&j LLC
    since 2013
    4 recorded transactions
    2013
    $2.1M
    2000
    $2.0M
    1999
    1988
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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