160 Baldwin StWest Springfield, MA 01089

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 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.

• 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 Income

  $815,621

  Hospitality / Lodging

  $747,104

  Institutional / Educational

  $621,582

  Healthcare / Senior Housing

  $642,959

  Retail / Commercial

  $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

FAQs

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