275 Chestnut St
Springfield, MA 01104
YMCA Building · Multifamily Property For Sale
·
104 Units
Investment Highlights
- 91,303 SF Commercial Building, Floors 1-4 plus basement.
- Fitness Center with Equipment; Indoor Swimming Pool;Four Racquetball Courts; and Two Squash Courts.
- Close access to I-91, I-291, I-391 and I-90 (Mass Pike).
- Common Ownership; 70% proportionate interest in common areas.
- Large Paved Parking Area, 260+/-vehicles.
Property Facts
| No. Units | 104 | Lot Size | 4.77 AC |
| Property Type | Multifamily | Building Size | 199,884 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Zoning | B2 | ||
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 4.77 AC |
| Building Size | 199,884 SF |
| No. Stories | 6 |
| Year Built | 1966 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | B2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Elevator
- Maintenance on site
About 275 CHESTNUT ST , SPRINGFIELD, MA 01104
NAI Plotkin is pleased to offer for sale, this 91,303 SF condominium/commercial complex(Unit 1) currently in use by the central branch of the YMCA of Greater Springfield. This 6-story building offers a mixed use of administrative offices,classrooms and storage; a fully furnished basement with indoor swimming pool; fitness center; indoor running track; renovated locker rooms; gymnasium; full basketball court; racquetball courts; and a large, commercial kitchen. *The YMCA will be moving and will not be a tenant in this building. An appraisal report dated May 2019 is available upon request for interested buyers only. The subject property is situated along the northern periphery of Springfield's Central Business District in a neighborhood that is defined by the Connecticut River to the west, Armory Street to the east, Worthington Street to the south and Interstate 291 to the north. The neighborhood is situated in an older section of the city that contains a mixture of industrial, commercial and residential uses of property. The neighborhood has good access to Interstates 291 and 91, Route 20 and the Massachusetts Turnpike. Access to the immediate neighborhood is via an off-ramp from Interstate 291, East Columbus Avenue that parallels north/south Interstate 91 through the City or via Chestnut and Dwight Streets. The on/off ramps to Interstate 291 are located approximately 1/8 of a mile from the subject property.
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | SPRI-002750-000000-000485 | Improvements Assessment | $1,352,800 |
| Land Assessment | $1,560,000 | Total Assessment | $2,912,800 |
Property Taxes
