Office Condominium for Sale #4

Office for Sale
Catylist Listing ID: 1781847
Property Subtypes: Office Building
Building Size (RSF): 3,542 SF
Gross Building Area: 17,710 SF
Sale Price: $249,900
Unit Price: $70.55 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/21/2017

Overview / Comments

Office condominium containg about 3,542/sf located in an elevated 5-story professional / attorney office building. Unit layout consists of reception area, clerical area, kitchen & break room, 2 conference rooms, and 11 private offices in two suites, but could be easily reconfigured into one large suite or multiple suites of various sizes. Property has excellent visibility from State Street and is ideal for lawyers needing access to courthouses and Hampden County Registry of Deeds. Use space and rent out additional space. Property located in the center of Springfield's Central Business District - 2 blocks from State & Main Street. Site directly across from newly renovated MassMutual Civic Center and is between the Hampden County Courthouse and the Federal Courthouse.

Attachments & Media

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $5,869 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $5,869 (Annual)
Finance Data Year 2008
Real Estate Taxes - Annual($) $5,869 (Annual)

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: 0000
Zoning: BUSINESS ZONED
Road Type: Paved
Property Visibility: Excellent
Site Description: Within past 7-8 years new double hung vinyl windows, roof, and boiler installed. Lobby area also remodeled. Monthly associations dues $725, which includes heat, property insurance and aintenance of common area. Central gas/oil steam boiler. Heat included in condo fee paid by owners. Central electric air-conditioning that are separately metered to each of the five (5) units in the building. One electric passenger elevator located in lobby.
Area Description: Public transportation available directly in front of the building on State Street.
Total Number of Buildings: 1
Number of Stories: 5
Parking Type: Surface
Parking Description: There are four (4) on-site dedicated spaces adjacent to building on west side. There is also private parking lot attached to building on south side for additional parking at reasonable rates.
Total Parking Spaces: 4
Interior Description: Dry and covered with wallpaper or painted. Mostly wall-to-wall in offices, and ceramic tile in men's and women's rooms. Recess fluorescent lighting with 2' x 2' acoustical tiles.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,551 153,806 268,043
Median Age: 30.01 33.97 36.87
Households: 10,859 58,671 103,726

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