1399 Suffield StAgawam, MA 01001

Property Details for 1399 Suffield St

Year built

1975

Construction

STEEL FRAME

Lot size

1.88 AC

Property size (Sq ft)

8,240 SF

Zone code

BA

Property type

Retail properties

Property subtype

Retail space

APN

AGAW M:00I3 B:0002 L:7

APU

AGAWM00I3B0002L7

Description

This exceptional commercial property presents a unique investment opportunity in Agawam, Massachusetts. Located at 1399 Suffield Street, this 8,240 square foot retail center sits on a substantial 6.29-acre lot. Currently vacant, the entire space offers significant potential for redevelopment or repurposing. Previously known as Twin Silos Commons, the property includes a former mini golf and entertainment center on a secondary parcel, adding to its versatility. The building is classified as Class B and is ideally situated on Route 75, providing excellent visibility and accessibility. Its strategic location offers easy access to major transportation arteries, including less than one mile to the Connecticut state line, 1.5 miles to Route 57, and 3 miles to Interstate I-91. The ample land provides room for expansion, renovation, or complete redevelopment, allowing for a wide range of possibilities to maximize return on investment. This property is a blank canvas for a creative entrepreneur or investor seeking a high-impact project in a desirable location. The single-tenant configuration simplifies management and allows for customized tenant improvements. This is a rare opportunity to acquire a significant commercial property in a growing area with substantial upside potential. The property is located in Hampden County, Massachusetts, zip code 01001.

• CAP approach

  CAP return

  Valuation

  6%

  $2,002,608

  6.5%

  $1,848,561

  7%

  $1,716,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,713,129

  Geo Method

  $2,713,129

• Alternative Use

  Use

  Valuation

  Residential

  $1,559,330

  Hospitality

  $1,428,338

  Educational

  $1,188,361

  Medical

  $1,229,230

  Retail

  $1,848,561

Location Insight

City

Agawam

County

Hampden

State

Massachusetts

Latitude

42.0418

Longitude

-72.6357

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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