707 State St 13,500 SF Retail Building Springfield, MA 01109 For Sale
INVESTMENT HIGHLIGHTS
- Lighted Intersection
- 13,500 SF Building
- 2 Acre Parcel
- Short-Term Walgreens Lease
EXECUTIVE SUMMARY
Region Commercial is pleased to present this approximately 13,500 square foot prime retail/pharmacy building for sale and for lease. The property, presently leased to Walgreens on a short-term basis, is in an excellent location located at a lighted intersection and just outside of Springfield's downtown area. The building is situated on an oversized lot, measuring close to 2.02 acres, with ample parking at the front/side of the building, and 360 degree access around the property with a drive-thru. The property features access on three streets - State, Hancock, and a rear entrance/exit on Monroe Street. With close to 207,000 people in a 3-mile radius, and over 20,690 daily vehicles, the property is a strategically important retail site in the greater Springfield-Metro area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,500 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.02 AC
Opportunity Zone
Yes
Zoning
BA - Business A
Parking
98 Spaces (7.26 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SPRI-011110-000000-000511 | Improvements Assessment | $2,447,900 |
| Land Assessment | $602,300 | Total Assessment | $3,050,200 |
CONTACTS
-
Ben Bolotin -
Mitch Bolotin -
Region Commercial
