811 Union StWest Springfield, MA 01089
- Retail properties
- 6,655 SF
Property Details for 811 Union St
- Year built
- 1929
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.26 AC
- Property size (Sq ft)
- 6,655 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- WSPR M:00238 B:03500 L:00019
- APU
- WSPRM00238B03500L00019
Description
This exceptional investment opportunity presents a thriving auto repair and used car business in West Springfield, MA, with a 20-car sales license included. The 6,976 square foot building boasts five oversized bays, a large waiting/showroom area (formerly an auto parts store), two offices, and four bathrooms. The property sits on a 6,976 square foot lot, offering ample parking. Located on a major retail/service strip near major highways (Rt 91, Rt 90, and Rt 291), this property enjoys excellent visibility and accessibility. The building is in good condition with some deferred maintenance, but the roof was replaced in 2011. The property is zoned BB and offers a strong value-add opportunity with an 8.00% cap rate. The current vacancy presents a chance to lease the space or continue the existing successful business. Owner financing is available, making this a rare find for investors seeking a turnkey operation with significant upside potential. The property is conveniently located between Merrick and Russell streets, with Memorial Avenue being the largest nearby street. Nearby airports include Bradley, Westover, and Barnes. The property has a 140-foot lot frontage. Tax ID/APN: 238/3500/19.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,617,397
- 6.5%
- $1,492,982
- 7%
- $1,386,340
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,191,246
- Geo Method
- $2,191,246
-
Alternative Use
- Use
- Valuation
- Residential
- $1,259,386
- Hospitality
- $1,153,591
- Educational
- $959,774
- Medical
- $992,782
- Retail
- $1,492,982
Location Insight
- City
- West Springfield
- County
- Hampden
- State
- Massachusetts
- Latitude
- 42.0985
- Longitude
- -72.6077
- 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
- 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].