1 Allen St 171,898 SF Vacant Industrial Building Springfield, MA 01108 $2,950,000 ($17.16/SF)
INVESTMENT HIGHLIGHTS
- Potential development opportunity
- Located in an opportunity zone
- 171,898 SF of rentable space
- Approved for federal and state historic tax credits
- Historic mill building complex
- Mixed-use possibilities: warehouse, manufacturing, retail, office and more...
EXECUTIVE SUMMARY
Historic mixed-use mill building complex featuring 171,898 square feet warehouse, manufacturing and office space. With paved and ample parking, this property is well-maintained and has received numerous renovations since its original build in 1857 as a part of the Springfield Armory.
PROPERTY FACTS
| Price | $2,950,000 |
| Price Per SF | $17.16 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 4.00 AC |
| Rentable Building Area | 171,898 SF |
| No. Stories | 2 |
| Year Built | 1857 |
| Opportunity Zone |
Yes |
| Zoning | I2 |
PROPERTY TAXES
| Parcel Number | SPRI-000280-000000-001442 | Improvements Assessment | $172,900 |
| Land Assessment | $29,000 | Total Assessment | $201,900 |
