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245 Elm St 700 SF of Office/Retail Space Available in West Springfield, MA 01089
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 700 SF | Negotiable | $17.14 /SF/YR $1.43 /SF/MO $11,998 /YR $999.83 /MO | Triple Net (NNN) |
1st Floor
Highly visible commercial space available in the heart of Downtown West Springfield’s Central Business District! Approximately 700± SF w/an open, flexible layout, this street-level storefront was previously home to a seamstress/cleaners & offers excellent potential for a variety of retail, professional office, boutique, service or specialty business uses. Features include a 1/2 bath, basement storage & convenient on-street parking plus 1 reserved space in the rear. Tremendous exposure along Elm St w/strong pedestrian & vehicle traffic. Located near Town Hall, shops, restaurants, schools, Post Office & w/easy highway access. The Town has recently completed significant streetscape improvements including new roads, sidewalks & a roundabout further enhancing the area’s appeal. Tenant responsible for heat, hot water, electric, portion of water/sewer & insurance. Multi-year lease required; terms subject to Landlord approval. A great opportunity to establish your business in a thriving downtown!
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 700 SF | Gross Leasable Area | 3,035 SF |
| Property Type | Retail | Year Built | 1945 |
| Total Space Available | 700 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,035 SF |
| Year Built | 1945 |
Nearby Major Retailers
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245 Elm St
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