99 Springfield RdWestfield, MA 01085

Property Details for 99 Springfield Rd

Year built

1988

Construction

STEEL FRAME

Lot size

7.88 AC

Property size (Sq ft)

27,165 SF

Property type

Turn key restaurants

APN

WFLD M:113 L:5

APU

WFLDM113L5

Description

This exceptional single-tenant retail property at 99 Springfield Rd, Westfield, MA 01085, offers 4,400 square feet of prime commercial space. Built in 1988 and renovated in 2016, the one-story building sits on a 3-acre lot and boasts 250 parking spaces, ensuring ample customer convenience. Its strategic location along a busy main road in Westfield guarantees high visibility and easy access for customers. The property's significant advantage includes a 9,000 square foot pad site, presenting a unique opportunity for expansion or complementary business development. This property is ideal for businesses seeking a prominent location with excellent visibility and ample parking in a thriving Westfield commercial area. The property's substantial parking capacity and convenient location make it an attractive option for a wide range of retail businesses. The recent renovations ensure the space is modern and well-maintained, ready for immediate occupancy. The combination of size, location, parking, and the additional pad site makes this a truly exceptional opportunity for a discerning tenant. This is a rare chance to secure a highly visible and well-equipped retail space in a desirable Westfield location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,602,044

  6.5%

  $6,094,194

  7%

  $5,658,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,944,435

  Geo Method

  $8,944,435

• Alternative Use

  Use

  Valuation

  Residential

  $5,140,680

  Hospitality

  $4,708,836

  Educational

  $3,917,696

  Medical

  $4,052,432

  Retail

  $6,094,194

Location Insight

City

Westfield

County

Hampden

State

Massachusetts

Latitude

42.1092

Longitude

-72.7101

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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