1168 Boston Rd 7,600 SF 100% Leased Retail Building Springfield, MA 01119 $1,389,000 ($182.76/SF)
EXECUTIVE SUMMARY
High traffic location on Boston Road this corridor sees over 23,000 vehicle trips per day. The property sits on roughly 0.7 acres, at Boston Road and Temby Street, and features ample surface parking spots. The three units include a restaurant, and two other units would be ideal for local businesses or commercial office uses. The Boston Road area is demographically very strong, and regional/national retailers can be found in close proximity. The owner is open to build to suit or ground lease opportunities as well.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,600 SF
Building Class
C
Year Built
1974
Price
$1,389,000
Price Per SF
$182.76
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.70 AC
Zoning
B1 - B1
https://www.springfield-ma.gov/planning/fileadmin/Planning_files/Zoning_Internet_Copy_.pdf
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SPRI-011445-000000-000006 | Total Assessment | $668,100 (2025) |
| Land Assessment | $285,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $383,000 (2025) | Tax Year | 2024 |
CONTACT
-
Stephanie Connors -
Lumin Commercial Real Estate LLC
