Historical Special Purpose Sale Listing - 1201 WESTFIELD STREET (RT. 20)

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1201 WESTFIELD STREET (RT. 20)

1201 WESTFIELD STREET (RT. 20), WEST SPRINGFIELD, MA 01089

N/A

2,774 SF | Special Purpose

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Special Purpose Property - Off Market

Price:
N/A
Building Size:
2,774 SF
Property Type:
Special Purpose
Property Sub-type:
Special Purpose (Other)
Property Use Type:
Vacant/Owner-User
No. Stories:
2
Year Built:
1910
Lot Size:
37,364 SF
Listing ID
14120541
Last Updated
over 1 year ago

Description

SITE IS IMPROVED WITH A TWO STORY 2-FAMILY DWELLING. 4,900/SF OF THE SITE IS LEASED, AND LEASED PORTION OF THE LAND IS IMPROVED WITH 180' FLAGPOLE CELL TOWER. MOSTLY LEVEL AND AT STREET GRADE. SLOPES DOWN IN REAR. LAND LEASE: FIVE (5) YEAR LEASE 3/03 - 3/08 WITH FOUR 5-YEAR OPTIONS. MONTHLY RENT OF $1,200 THAT INCREASES EVERY YEAR BY 3% PLUS BONUSES FOR ADDITIONAL USERS. INCOME (2004) WAS $20,000 THAT INCLUDED BONUS.

SITE LOCATED IN COMMERCIAL AREA ON BUSY WESTFIELD STREET, (RT. 20). PROPERTY HAS EXCELLENT VISIBILITY FROM ROUTE 20, AND GOOD ACCESS TO INTERSTATES, SHOPPING, AND DOWNTOWN AREA.

Map of 1201 WESTFIELD STREET (RT. 20), WEST SPRINGFIELD, MA 01089 (Hampden County)

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