Loring StSpringfield, MA 01105

Property Details for Loring St

Year built

1923

Lot size

0.08 AC

Property type

Commercial real estate

Description

This unique Springfield, MA property offers a compelling investment opportunity. Priced at $400,000, it features a spacious warehouse/studio building perfect for a variety of uses. Currently configured as an artist's residence, the building boasts 12-foot ceilings, a concrete floor, a secure vault room, and a sizable loft area. The open layout provides ample space for creative endeavors or business operations. The building is set back from Loring Street, a residential one-way street, offering a degree of privacy and quiet. A significant advantage is the inclusion of two additional lots, each zoned for residential use, located on either side of the driveway. These lots previously held multi-family dwellings, presenting a potential for future development and increased income generation. The property sits conveniently close to the Springfield casino. The buyer is responsible for verifying all permitted uses and zoning regulations. This is an exceptional chance to acquire a versatile commercial property with significant upside potential, combining immediate income possibilities with long-term development prospects. The 0.08-acre lot encompasses the building and the two adjacent residential lots.

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.0961

Longitude

-72.5819

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].