Retail Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30045629
Property Subtypes: Vehicle Related
Building Size (RSF): 8,580 SF
Gross Building Area: See Agent
Gross Land Area: 19,568 SF
Sale Price: $449,000
Unit Price: $52.33 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.4%
Last Updated: 10/13/2018

Overview / Comments

Property consists of a one-story masonry & steel frame automotive retail building built in two stages 1947 & 1970. There are two restrooms and one wash room. Property is leased on a triple net basis - lease expires 4/2019 with tenant having two 5-year options.
Excellent location on heavily traveled Boston Road which is a major retail shopping district. Property is currently used for automotive repair but could be used for a variety of retail businesses needing high visibility.
Property located between two signalized traffic lights on Boston Rd with mph +/-25.
+/- 100' frontage on s/s Boston Road & 189' on Methuen Street. Parking for +/- 15-20 cars in front and sided of building. There are three curb cuts one on Boston Road and two on Methuen Street.
Two overhead door and gas fired unit heaters.

Attachments & Media

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: 016550602
Property Visibility: Excellent
Feet of Frontage: 100
Traffic/Vehicle Count: 20,700
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Concrete block exterior
Parking Type: Structure, Surface
Heat Type: Natural Gas
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,409 99,511 251,000
Median Age: 35.2 35.57 36.09
Households: 5,597 37,248 96,287


The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.