1470 Allen StSpringfield, MA 01118

This exceptional 3.45-acre commercial and residential development opportunity is located in a prime Springfield, Massachusetts location at 1470 Allen Street, zip code 01118. Situated at the signalized intersection of Allen Street and Bicentennial Highway, this parcel boasts exceptional visibility and accessibility, with over 30,000 vehicles passing daily. The property's SR1B1 zoning permits a variety of uses, making it attractive for a range of developers. Its strategic location within a thriving neighborhood offers significant advantages. Neighboring businesses include a fully leased retail plaza (Bicentennial Plaza), McDonald's, Wendy's, Florence Bank, and several medical facilities, ensuring high foot and vehicle traffic. The site's proximity to the regional retail hub, Five Town Plaza, further enhances its appeal. The property also benefits from a dedicated right-of-way to the traffic signal, improving ingress and egress. This high-traffic location, combined with the flexible zoning and existing infrastructure, presents a compelling investment opportunity for developers seeking to capitalize on Springfield's robust commercial market. The asking price for this exceptional parcel is $1,050,000. Don't miss this chance to acquire a highly visible and strategically located property in a rapidly growing area.