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- LoopNet Team
109-121 Chestnut St
Springfield, MA 01103
The Birnie Building · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
ABOUT 109-121 CHESTNUT ST , SPRINGFIELD, MA 01103
The Birnie Building , located in the Historic Apremont Triangle District is in the Core of the Downtown Revitalization district. With a simply carved limestone façade, the 37,800 total square footage of the Birnie Building consists of 24,900 square feet of ground floor retail stores and 12,900 square feet of second floor office space. There is currently an 11,000 SF High Bay Suite perfectly suited for an Urban Grocer. Given its location in a federally designated historic district, the Birnie Building is eligible for historic rehabilitation tax credits, 20% federal and 10% state. The property is also eligible for the Federal New Markets Tax Credits of 39%. MassDevelopment has offered tax-exempt bond financing with the possibility of loan guarantees and limited recourse. The owners are experienced Real Estate Investors who will consider owner financing, Joint Ventures, or equity exchanges for the right developer. Corner Lot at the Southeast corner of Chestnut and Pearl Streets. Overlooks the Historic Apremont Triangle.
PROPERTY TAXES
| Parcel Number | SPRI-002750-000000-000532 | Improvements Assessment | $236,200 |
| Land Assessment | $172,500 | Total Assessment | $408,700 |
PROPERTY TAXES
