110 Maple StSpringfield, MA 01105

Property Details for 110 Maple St

Year built

1958

Lot size

1.02 AC

Property size (Sq ft)

39,972 SF

Zone code

SC1B2

Property type

Office buildings

APN

SPRI S:08218 P:0033

APU

SPRIS08218P0033

Description

This exceptional 39,972-square-foot executive office building, located at 110 Maple Street in Springfield, Massachusetts, presents a unique investment opportunity. Built in 1954, the property sits on three acres of land and offers ample parking with 460 spaces. The entire building is currently vacant, providing a blank canvas for a single tenant to customize the space to their exact needs. The property boasts a convenient location, easily accessible via Interstates 91 and 291, and is situated near the Springfield business district. Its zoning is Split Commercial A Business B, offering flexibility for various professional or medical uses. The building benefits from high visibility and accessibility, situated on a PVTA bus route, ensuring convenient access for employees and clients. The secure and well-lit premises offer a safe and productive work environment. This single-tenant property represents a significant opportunity to acquire a substantial office space in a desirable location within Hampden County, with a zip code of 01105. The property's size and features make it ideal for a large corporation or a group of related businesses seeking a prominent presence in Springfield. The ample parking ensures convenient access for employees and visitors. This is a rare opportunity to acquire a large, well-located office building in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,608,566

  6.5%

  $6,100,214

  7%

  $5,664,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,222,742

  Geo Method

  $5,222,742

• Alternative Use

  Use

  Valuation

  Residential

  $7,564,266

  Hospitality

  $6,928,827

  Educational

  $5,764,702

  Medical

  $5,962,960

  Retail

  $8,967,315

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.1006

Longitude

-72.5817

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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