125 Liberty St | Springfield, MA 01103
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- LoopNet Team
125 Liberty St
Springfield, MA 01103
Medical Office W/ Immense Upside on ±2-acres · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 125 Liberty Street is a four-story medical office that benefits from unrivaled exposure on a 2.15-acre lot that encompasses an entire city block.
- Occupied at 36.4%, presenting a value-add opportunity for investors to implement a strategic lease-up plan to increase occupancy and rental income.
- Located within an Opportunity Zone, investors can take advantage of tax incentives to help offset startup costs.
- Liberty Arts Medical Building spans 54,720 SF, offering suites with reception areas, exam rooms, two elevators, monument signage, and ample parking.
- Immediate access to I-291 and I-91, 5 miles from the Mass Pike and adjacent to Springfield Union Station, offering connectivity to major markets.
- City attracts major employers such as MassMutual and benefits from a growing demand for office space, leading to low vacancy rates.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
54,720 SF
Building Class
C
Year Built
1965
Percent Leased
36%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
13,680 SF
Building FAR
0.58
Lot Size
2.15 AC
Parcel Number
SPRI-007770-000000-000645
Zoning
B2
Parking
193 Spaces (3.53 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 of 1
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