Vacant Land for Sale
Catylist Listing ID: 29560062
Property Subtypes: Office, Retail, Self Storage
Gross Land Area: 1.24 Acres
Sale Price: $495,000
Unit Price: $399,193 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2017

Overview / Comments

Site is improved with four buildings: 2 one-story automotive buildings, 1 one-story retail / restaurant building & 1 two-story residential dwelling. Three of the buildings rented with tenants paying all utilities & owner paying taxes, insurance. All are rented on month-to-month basis (no leases). Property comes with unlimited used car license.
Site is located on a well traveled secondary artery in a mixed industrial, commercial & residential area. Environs include light industrial uses, offices & retail with residential on Berkshire Avenue and surrounding side streets. Ideal for bank, credit union, automotive / gasoline stations. Value of property is in the land.

Permitted Uses: A variety of commercial & business uses. Automotive repairs, bank branch, drive-thru restaurants, medical buildings, storage units, etc. (see Springfield zoning laws).

Additional Details

Nearest MSA: Springfield
County: Hampden
Road Type: Paved
Property Visibility: Excellent
Traffic/Vehicle Count: 10,800
Lot Frontage: 256.87ft west side Berkshire Ave / 77.98 ft north side Cottage Street
Lot Depth: 292 ft average
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer

Attachments & Media

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,272 109,513 269,159
Median Age: 33.01 35.7 35.82
Households: 5,462 41,462 103,659
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