41-43 Taylor StSpringfield, MA 01103

Property Details for 41-43 Taylor St

Year built

1900

Lot size

0.11 AC

Property size (Sq ft)

20,580 SF

Zone code

B3

Property type

Office buildings

APN

SPRI S:11430 P:0205

APU

SPRIS11430P0205

Description

The Stacy Building, a beautifully renovated historic property (1893, renovated 2015) in Springfield, MA, offers flexible office space ideal for executive or medical practices. This four-story building, located at 41-43 Taylor St (zip code 01103), boasts 19,675 total square feet, with multiple tenancy options available. Currently, there are two spaces available: approximately 832 square feet on the second floor and approximately 2,500 contiguous square feet on the third floor. The third-floor space features exposed brick walls and abundant natural light from large windows. The building includes a recently updated elevator and ADA-compliant common bathrooms. Conveniently situated between the Taylor Street Parking Garage and the renovated Duryea Way, this Hampden County location offers easy access and ample parking. Minimum divisible space is 832 square feet, with a maximum contiguous space of 2,500 square feet

• CAP approach

  CAP return

  Valuation

  6%

  $3,402,489

  6.5%

  $3,140,759

  7%

  $2,916,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,688,983

  Geo Method

  $2,688,983

• Alternative Use

  Use

  Valuation

  Residential

  $3,894,541

  Hospitality

  $3,567,378

  Educational

  $2,968,017

  Medical

  $3,070,092

  Retail

  $4,616,916

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.1049

Longitude

-72.5924

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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