54 Winter StSpringfield, MA 01103
- Retail properties
- 3,675 SF
Property Details for 54 Winter St
- Year built
- 1920
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 3,675 SF
- Zone code
- B1
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- SPRI S:12395 P:0015
- APU
- SPRIS12395P0015
Description
This exceptional investment opportunity presents a versatile commercial property located at 54 Winter Street in Springfield, Massachusetts. The property encompasses a substantial 1000 square feet of space, ideally suited for a variety of uses. Currently configured as a garage, it's perfectly positioned for an auto repair business or retail sales operation. The building sits on a conveniently sized 0.07-acre lot, offering ample space for maneuvering and potential expansion. A significant advantage is the inclusion of an electric lift, complete with a compressor, which is being provided by the seller. This valuable equipment represents a substantial cost savings for the new owner, eliminating the need for a significant capital investment in essential tools. The asking price for this property is $225,000, presenting a compelling opportunity for investors seeking a strong return on their investment in a desirable Springfield location. The property's adaptability makes it an attractive prospect for entrepreneurs looking to establish a thriving business in a well-situated commercial space. The inclusion of the lift and compressor further enhances the property's value and potential for immediate operational efficiency. Serious inquiries are encouraged to explore this promising commercial real estate offering. The property is ready for immediate occupancy and offers a unique chance to acquire a well-equipped and strategically located commercial space in Springfield.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $893,153
- 6.5%
- $824,449
- 7%
- $765,560
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,210,042
- Geo Method
- $1,210,042
-
Alternative Use
- Use
- Valuation
- Residential
- $695,454
- Hospitality
- $637,032
- Educational
- $530,003
- Medical
- $548,231
- Retail
- $824,449
Location Insight
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Latitude
- 42.107
- Longitude
- -72.5882
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].