169 William StSpringfield, MA 01105

Property Details for 169 William St

Year built

1941

Lot size

0.15 AC

Property size (Sq ft)

4,367 SF

Zone code

B2

Property type

Office buildings

APN

SPRI S:12300 P:0071

APU

SPRIS12300P0071

Description

This exceptional 4,367-square-foot industrial flex space, situated in Springfield's South End, presents a unique investment opportunity. The single-tenant building, constructed in 1941 and classified as Class B, offers a versatile layout ideal for various businesses. The property boasts private offices, adaptable open areas suitable for cubicles or a conference room, dedicated shop space, and a convenient garage featuring two grade-level drive-in doors. Adding to its functionality is a fenced outdoor storage area, encompassing an additional 0.141 acres, providing ample space for equipment or inventory. The 0.286-acre lot is zoned Business B, ensuring flexibility for a range of commercial uses. Its strategic location provides easy access to major transportation arteries, including Interstate 91 and Route 5, enhancing logistical efficiency and accessibility for employees and clients. The property's frontage on William Street offers excellent visibility and convenient access. This well-maintained building offers a blend of office and warehouse space, making it an attractive option for businesses seeking a functional and strategically located property. The combination of indoor and outdoor space, coupled with its prime location, makes this a highly desirable commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $721,996

  6.5%

  $666,457

  7%

  $618,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $570,592

  Geo Method

  $570,592

• Alternative Use

  Use

  Valuation

  Residential

  $826,407

  Hospitality

  $756,985

  Educational

  $629,802

  Medical

  $651,462

  Retail

  $979,692

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.0985

Longitude

-72.5828

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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