Retail for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30147938
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,420 SF
Gross Building Area: See Agent
Gross Land Area: 1.11 Acres
Sale Price: $950,000
Unit Price: $100.85 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2017

Overview / Comments

9,420sf of usable area in 1 1/2 story commercial building designed and used as a restaurant. However, the 1st floor plan is generally open and could accommodate a variety of different business uses. The 1st floor consists of 6,198sf, 2nd level 1,772sf and lower level has 1,450sf of finished space with separate entrance to the parking lot. There is also a full basement used for storage & walk-in cooler.
Property is being sold w/all FF&E plus full liquor license & new owner can operate as new restaurant or owner will sell and remove FF&E.
The first floor has ADA ramp with ADA restroom.
The property is in very good condition and could be repositioned for variety of other commercial uses because of its large parking lot (90-100 spaces). Property would be ideal for medical use, bank, offices or other retail uses.
Property is located about 1/4 mile from an interchange of I-391 which connects to I-91 and I-90 & all neighboring communities and employment centers.

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: 0386-00001
Zoning: BUSINESS A & RESIDENTIAL A
Retail Clientele: General, Family, Recreation
Property Visibility: Excellent
Largest Nearby Street: Chicopee Street
Feet of Frontage: 207
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1940
Roof Type: Gable
Total Parking Spaces: 95
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Lot Frontage: 207
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,182 96,378 219,123
Median Age: 38.79 37.7 36.94
Households: 5,296 39,689 87,085

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