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    Springfield, MA
    Strip Mall

    Springfield, MA Strip Malls for Sale

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    Chicopee, MA West Springfield, MA Agawam, MA East Longmeadow, MA Holyoke, MA Ludlow, MA Wilbraham, MA Longmeadow, MA
    Retail Strip Center on Corner
    Updated: May 16
    Retail Strip Center on Corner

    16-24 Arnold Ave, Springfield, MA 01119

    $979,000
    6,350 sqft
    Retail strip center on busy Boston Road Rt 20.
    Located in Springfield's Pine Point section.
    Corner lot location.
    Year Built: 1980.
    Retail Use
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    This listing looks promising.

    Here's a quick look at some key insights for

    16-24 Arnold Ave, Springfield, MA, MA 01119

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    • Est. Cap Rate

      7.5%
      Above avg (5.9%)

    • Est. NOI

      $74K
      Annual

    • Price @ 7% Cap

      $1.05M
      Above asking
    View Property Analytics
    Multi-Tenant Retail Building
    Updated: Jun 2
    Multi-Tenant Retail Building

    520-526 Main Street, Springfield, MA 60187

    $1,250,000
    12,000 sqft
    Fully leased 12,000 SF multi‑tenant retail building
    91 feet of Main Street frontage on a BA‑zoned commercial corridor
    Located at a signalized intersection with convenient customer/tenant ingress and egress
    Built in 1925 with a distinctive stone facade and large storefront windows
    Ample on‑site parking for tenants and customers
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Springfield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Strip Mall with Parking
    Retail Strip Mall with Parking

    1014 Meriden Road, Waterbury, CT 06705

    $1,100,000
    15,974 sqft 0.75 AC lot

    Retail shopping center with multiple tenants, including a laundromat and coffee shop, plus parking for 55 cars.

    View details
    Strip Mall with Long-Term Tenants
    Strip Mall with Long-Term Tenants

    1457 Meriden Road, Wolcott, CT 06716

    $1,980,000
    13,878 sqft 5.19 AC lot

    A Wolcott strip mall on 5.19 acres with eight retail spaces and long-tenured tenants averaging 16 years.

    View details
    Strip Mall with 8 Retail Spaces
    Strip Mall with 8 Retail Spaces

    1457 Meriden Rd, Wolcott, CT 06716

    $1,980,000
    13,878 sqft 5.19 AC lot

    1990-built strip mall featuring eight long-tenanted storefront units in a heavy-traffic Wolcott corridor.

    View details
    Retail/Office Strip Center For Sale
    Retail/Office Strip Center For Sale

    485 & 497 Watertown Ave, Waterbury, CT 06708

    $895,000
    5,200 sqft

    Recently constructed retail/office strip center available for purchase.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Mastic, NY
    Commercial Land in Mastic, NY

    1287 Montauk Highway, Mastic, NY 11950

    $749,500
    0.31 AC lot

    Commercial land near shopping center and residential neighborhoods.

    View details
    Corner Lot in Middletown, NY
    Corner Lot in Middletown, NY

    Airport Road, Middletown, NY 10940

    $450,000
    2.90 AC lot

    Corner lot suitable for any non-residential use.

    View details
    Buxton Commercial Land For Sale
    Buxton Commercial Land For Sale

    Commerce Drive lot: 2, Buxton, ME 04093

    $789,000
    13.80 AC lot

    13.8 acre commercial lot suitable for various business uses.

    View details
    Buxton Corner Lot in Business Park
    Buxton Corner Lot in Business Park

    Innovation Way lot: 5, Buxton, ME 04093

    $269,000
    1.85 AC lot

    1.85 acre corner lot in Buxton's growing business park.

    View details

    Springfield, MA Strip Malls Market Trends and Statistics

    Explore 2 strip malls for sale in Springfield, MA on our real estate platform. These investment opportunities span a total of 18,350 square feet of properties for sale, with an estimated market value of $2,229,000.

    Sale prices for retail strips in Springfield, MA start at $979,000, averaging $1,114,500, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 16
    Shopping centers 14
    Grocery and convenience stores 6
    Banks 4
    Automotive properties 1

    Demographics Overview

    Population 171K
    Population Growth (5Y) +1.4%
    Median Household Income $60,860
    College Educated 19.9%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Springfield $979K
    Wheaton $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 3.26%
    Property Tax per SF $40.45 per SF
    Tax Rate vs County Average 0.49 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hampden County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, MA

    • 01119
    • 60187

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