160 Baldwin StWest Springfield, MA 01089
- Office properties
- 4,310 SF
Property Details for 160 Baldwin St
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.28 AC
- Property size (Sq ft)
- 4,310 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- WSPR M:00124 B:02350 L:00007
- APU
- WSPRM00124B02350L00007
Description
This exceptional 4,310-square-foot office building, located at 160 Baldwin St in West Springfield, Massachusetts, presents a unique investment opportunity. Previously operating as a spa and wellness center, this Class B property is currently vacant and ready for immediate occupancy. The building sits on a 0.28-acre lot and offers ample parking with 24 surface spaces. Its versatile layout is suitable for a variety of executive or creative office uses, making it an ideal space for businesses seeking a modern and functional workspace. The property is zoned BB-1, offering flexibility for potential future development or expansion. The asking price is $425,000, translating to $121.81 per square foot. This represents a compelling value proposition in the desirable West Springfield market, offering a blend of functionality, convenience, and growth potential. The property's location in Hampden County, MA, zip code 01089, provides easy access to major transportation routes and local amenities. This is a rare opportunity to acquire a well-situated, versatile office building in a thriving community. Don't miss out on this chance to secure a valuable asset in a prime location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $712,572
- 6.5%
- $657,758
- 7%
- $610,776
-
Comparable approach
- Method
- Valuation
- Relative Method
- $563,145
- Geo Method
- $563,145
-
Alternative Use
- Use
- Valuation
- Residential
- $815,621
- Hospitality
- $747,104
- Educational
- $621,582
- Medical
- $642,959
- Retail
- $966,905
Location Insight
- City
- West Springfield
- County
- Hampden
- State
- Massachusetts
- Latitude
- 42.0958
- Longitude
- -72.6221
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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