COMMERCIAL LAND FOR SALE

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: 1/21/2017

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
Zoning: BUSINESS B (BOTH PARCELS)
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
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.