1 Allen StSpringfield, MA 01108

  • Industrial properties
  • 4,800 SF
For Sale
$2,950,000 View listing

Property Details for 1 Allen St

Year built
1941
Lot size
0.31 AC
Property size (Sq ft)
4,800 SF
Zone code
I2
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
SPRI S:00280 P:1442
APU
SPRIS00280P1442

Description

This exceptional Springfield, MA industrial property presents a compelling investment opportunity. Located at 1 Allen Street, this historic mill building complex boasts 171,898 square feet of rentable space, situated on a 4.62-acre lot. The property, zoned Industrial A, offers a diverse range of possibilities, including warehouse, manufacturing, and even retail or office space. Built in phases between 1857 and 1941, with subsequent renovations, the structure features a mix of masonry, brick, stone, wood, and steel framing, with brick and masonry block exterior. The building's interior includes wood floors and wood decking ceilings ranging from 10 to 14 feet in height. Heating is provided by gas and forced warm air. A dry sprinkler system is in place for fire safety. Ample paved parking is available. This property is ideally located for convenient access to downtown Springfield and major interstates. Approved for federal and state historic tax credits and situated in an opportunity zone, this complex presents significant potential for development and redevelopment. The assessor's records indicate a total building size of 193,205 square feet. The roof is a combination of gable shingle and flat membrane.

1 Allen St, Springfield, Massachusetts

Location Insight

City
Springfield
County
Hampden
State
Massachusetts
Latitude
42.0968
Longitude
-72.5622
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
2023
$5,427
$29,000
$120,100
$149,100
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