38 Center SqEast Longmeadow, MA 01028

Property Details for 38 Center Sq

Year built

1940

Construction

FRAME

Lot size

0.29 AC

Property size (Sq ft)

8,125 SF

Zone code

BUS

Property type

Office properties

Property subtype

Office buildings

APN

ELON M:0027 B:0158 L:0000

APU

ELONM0027B0158L0000

Description

This exceptional 10,000-square-foot commercial property in East Longmeadow, Massachusetts, presents a unique investment opportunity. Located at 38 Center Square, this single-story, 1940-built building sits on a 0.29-acre corner lot, offering high visibility and excellent signage potential. The property boasts a completely remodeled interior, featuring a newer rubber membrane roof, updated commercial windows and entry doors, a new stucco facade, and entirely new electrical and plumbing systems, including high-efficiency HVAC. The interior layout currently includes 21 individual office spaces, two conference rooms, two reception areas, and five handicap-accessible bathrooms, along with a kitchen. However, the versatile space is adaptable to a wide range of uses, making it ideal for both owner-occupiers and investors. The property includes 25 parking spaces, and benefits from convenient access to public transportation and major highways. Its location in the central business district of East Longmeadow, a thriving community with high daily traffic counts, ensures strong potential for growth and return on investment. The property is zoned BUS and features a dry site condition with public water and sewer utilities. The building's construction is masonry and stucco. This is a rare opportunity to acquire a fully renovated, versatile commercial property in a prime East Longmeadow location. APN: M:00102 B:05300 L:00041. Zip code: 01028.

• CAP approach

  CAP return

  Valuation

  6%

  $1,343,305

  6.5%

  $1,239,974

  7%

  $1,151,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,061,612

  Geo Method

  $1,061,612

• Alternative Use

  Use

  Valuation

  Residential

  $1,537,568

  Hospitality

  $1,408,404

  Educational

  $1,171,776

  Medical

  $1,212,075

  Retail

  $1,822,762

Location Insight

City

East Longmeadow

County

Hampden

State

Massachusetts

Latitude

42.0642

Longitude

-72.5132

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].