160 Baldwin StWest Springfield, MA 01089

  • Office properties
  • 4,310 SF
For Sale
$425,000 View listing

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
160 Baldwin St, West Springfield, Massachusetts

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,227
$82,200
$328,100
$410,300
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