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704-708 Sumner Ave 3,292 SF 100% Leased Office Building Springfield, MA 01108 $449,500 ($136.54/SF)



EXECUTIVE SUMMARY
Mixed use property in a great location. The property has one ground level tenant that occupies both units on the first floor. The tenant has been at this location for over 20 years. There are two one bedroom apartments on the second floor that have been partially renovated. Owner recently installed new driveway. The property is separately metered for gas and electric. The residential tenants are at below market rents. Showings by appointment only.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,292 SF
Building Class
C
Year Built
1920
Price
$449,500
Price Per SF
$136.54
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,646 SF
Building FAR
0.69
Lot Size
0.11 AC
Zoning
B1
Parking
3 Spaces (0.91 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | SPRI-011280-000000-000127 | Improvements Assessment | $251,600 |
| Land Assessment | $70,000 | Total Assessment | $321,600 |
PROPERTY TAXES
Parcel Number
SPRI-011280-000000-000127
Land Assessment
$70,000
Improvements Assessment
$251,600
Total Assessment
$321,600
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Presented by
Commercial Appraisal Services Inc
704-708 Sumner Ave
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