For Sale
$499,900

Main St Springfield, MA 01151

High-return Springfield commercial property.

Overview

Added:
Feb 3
Days on market:
84
This exceptional mixed-use property, situated on Main Street in the vibrant Indian Orchard neighborhood of Springfield, MA, presents a compelling investment opportunity. The 0.15-acre lot houses a building featuring three substantial residential units and two ground-floor commercial storefronts. The residential units offer significant rental potential. The first unit boasts two bedrooms, a living room, kitchen, and a full bathroom. The second unit is considerably larger, encompassing six bedrooms, a living room, kitchen, and a full bathroom. The third unit also provides ample living space with four bedrooms, a living room, kitchen, and a bathroom. Currently, only one residential unit is occupied, presenting immediate upside for a new owner. Adding to the property's value are two separate commercial storefronts, each equipped with its own heating and electrical systems. Each storefront also benefits from a private basement providing substantial storage space. A large warehouse area is located at the rear of the building, further enhancing storage and potential uses. This property's combination of residential and commercial spaces, along with its prime location and significant storage capacity, makes it an attractive investment prospect with considerable potential for growth and strong rental income. The property is priced at $499,900. Don't miss this chance to acquire a high-yield investment in a thriving Springfield location.

Property Details for Main St

Property type
Commercial real estate
Year Built
1900
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Springfield
County
Hampden
State
Massachusetts
Latitude
42.16012
Longitude
-72.51039

FAQs

What type of property is this?
Commercial real estate - High-return Springfield commercial property.
Where is the commercial real estate located?
The property is located at Main St Springfield, MA.
What is the asking price?
The asking price for this property is $499,900.
How can I contact the broker?
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Main St
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