SPECIAL PURPOSE FOR SALE

Special Purpose for Sale
Catylist Listing ID: 29573041
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 54,014 SF
Sale Price: $495,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2017

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 ARE 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, OFFICE & RETAIL, WITH RESIDENTIAL ON BERKSHIRE AVENUE AND SURROUNDING SIDE STREETS. IDEAL FOR BANK, CREDIT UNION, AUTOMOTIVE / GASOLINE STATIONS. VALUE OF PROPERTY IS IN LAND!!

PERMITTED USES: A VARIETY OF COMMERCIAL & BUSINESS USES. AUTOMOTIVE REPAIRS, BANK BRANCH, DRIVE-THRU RESTAURANTS, MEDICAL BUILDING, STORAGE UNITS, ETC. (SEE SPRINGFIELD ZONING LAWS)

FRONTAGE: 256.87FT ON THE WEST SIDE OF BERKSHIRE AVENUE
77.98FT ON NORTH SIDE COTTAGE STREET

THERE ARE FOUR CURB CUTS.

Additional Details

Nearest MSA: Springfield
County: Hampden
Zoning: BUSINESS "B" (BOTH PARCELS)54,014
Road Type: Paved
Property Visibility: Excellent
Traffic/Vehicle Count: 10,800
Transportation: Bus
Total Number of Buildings: 4
Parking Type: Surface
Heat Type: Electricity
Zoning Description: BUSINESS "B" (BOTH PARCELS)


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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