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: 7/28/2017

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
Zoning: BUSINESS B
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

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

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