For Sale Office Building

Office for Sale
Catylist Listing ID: 30151593
Property Subtypes: Office Building
Building Size (RSF): 5,012 SF
Gross Building Area: See Agent
Gross Land Area: 15,597 SF
Sale Price: $250,000
Unit Price: $49.88 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2017

Overview / Comments

Two-story wood frame & masonry building with the first floor having a rentable area of 1,652/sf and 1,708/sf on the 2nd floor plus full basement with 3 or 4 rooms. There are about 15 rooms with 3 restrooms on 1 & 2 levels and another restroom in basement. The property is fully air-conditioned.
Built in 1900's but with effective age of 2000. Property has been rehabbed over the past 3 to 5 months. Some of the rooms are very spacious with hardwood floors and fluorescent lighting. Property is only about 4 or 5 blocks from Springfield's Central Business District and about the same distance from new MGM Casino development. The Federal Court House is about 1,000ft north of the subject.
The property has ADA ramps in front and back

Attachments & Media

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: 106500010
Zoning: RESIDENTIAL C W/VARIOUS FOR OFFICE USE
Total Number of Buildings: 1
Number of Stories: 2
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Brick
Parking Type: Surface
Parking Description: On-site parking for about 25 cars.
Total Parking Spaces: 25
Heat Type: Oil
Air Conditioning: Engineered System
Zoning Description: Residential C w/various for office use
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,072 157,497 270,463
Median Age: 29.66 34.13 36.87
Households: 12,756 59,924 104,911

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