Commercial Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 29640980
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Gross Land Area: 43,007 SF
Sale Price: $169,900
Unit Price: $70.79 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2017

Overview / Comments

Updated in 2004 with newer roof and wiring. Front windows closed off to make social hall, property is improved with a 5,600/sf paved parking. Inside could be separated into two units for extra rental income which it previously was. Plenty of land for expansion of building or development. Two open floor plans: first floor was formally a restaurant and shoe repair shop, currently a Social / Fraternal Hall. Lower level has utility room, small office and wide open floor plan with built in bar, staircase to the outside and restrooms.
Ideal location for income producing property, offices, retail social club, civic organizations or development of land for new uses. Located near high traffic corner of Berkshire Avenue and Cottage Street in a mixed-use residential / commercial area of Springfield near major roads.

Additional Details

Nearest MSA: Springfield
County: Hampden
Zoning: B-1
Market Type: Large
Retail Clientele: General, Business
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 342
Transportation: Bus
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,200 SF
Property Condition: Good
Year Built: 1964
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Air Conditioning: Window Unit

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,272 103,901 264,111
Median Age: 33.01 35.66 35.7
Households: 5,462 39,223 101,546
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