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438-442 Chestnut St 4,000 SF Retail Building Springfield, MA 01107 $530,000 ($132.50/SF)
Executive Summary
Great Development opportunity for this 4000 sq ft Property which has a new roof & HVAC and sale includes TWO additional building lots which are currently being used for parking !!!! Located on a heavily travelled intersection in close proximity to Hospitals and highway access. Lot sizes are 5,070 sq ft and assessed at $30,100 tax $472 yr and 5702 sq ft assessed at $30,800 and tax $483 yr. Building in middle with Barbershop is not included as part of sale
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built
1905
Price
$530,000
Price Per SF
$132.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.42 AC
Zoning
B1 - Business
Parking
8 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $722,000 | |
| Land Assessment | $62,700 | Total Assessment | $784,700 |
Property Taxes
Parcel Numbers
Land Assessment
$62,700
Improvements Assessment
$722,000
Total Assessment
$784,700
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438-442 Chestnut St
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