333 Columbus AveSpringfield, MA 01105

Property Details for 333 Columbus Ave

Year built

1960

Lot size

1.53 AC

Property size (Sq ft)

28,458 SF

Zone code

B1

Property type

Office properties

Property subtype

Office buildings

APN

SPRI S:04303 P:0647

APU

SPRIS04303P0647

Description

This exceptional investment opportunity presents two strategically located industrial buildings totaling 33,266 square feet of usable space situated on a sizable 1.53-acre lot in Springfield, Massachusetts. The property comprises two distinct structures: Building 1 offers 28,458 square feet, while Building 2 provides an additional 4,808 square feet. This combined space presents a versatile canvas for a variety of commercial uses, benefiting from its excellent highway accessibility and high visibility. The expansive lot size allows for ample parking, potential expansion, or outdoor storage. The property's prime location ensures convenient access to major transportation routes, streamlining logistics and distribution. This is an ideal acquisition for businesses seeking a substantial footprint in a thriving commercial area. The asking price of $1,000,000 reflects the significant value and potential return on investment this property offers. Detailed property surveys and building plans are available upon request. This is a rare opportunity to acquire a substantial industrial property in a desirable location, offering immediate occupancy and significant long-term potential. Don't miss this chance to secure a valuable asset in a competitive market. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,704,958

  6.5%

  $4,343,038

  7%

  $4,032,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,718,322

  Geo Method

  $3,718,322

• Alternative Use

  Use

  Valuation

  Residential

  $5,385,366

  Hospitality

  $4,932,967

  Educational

  $4,104,170

  Medical

  $4,245,320

  Retail

  $6,384,266

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.0848

Longitude

-72.579

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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