8-12 Stearns Sq - Restaurant FOR SALE


Springfield, MA 01103- Downtown Springfield
$387,500 USD
413-265-1219
8-12 Stearns Sq, Springfield, MA for Sale
$387,500 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

8-12 Stearns Sq
Springfield, MA 01103
Downtown Springfield


OVERVIEW

Jennings Real Estate Services, Inc.- Prime Redevelopment Opportunity in the Heart of Springfield's Central Business District! Located at 8-10 Stearns Square, this approximate 7,317 square foot building presents a unique investment opportunity in Springfield’s Dining District, an area undergoing significant revitalization efforts. Situated in a busy downtown location, this property enjoys high foot traffic and proximity to entertainment, retail, and office spaces. With new restaurant announcements forthcoming and ongoing improvements in the area, the Dining District’s growth continues to drive demand for new development and enhanced infrastructure. Key Features: • Location: Central Business District, Stearns Square • Surrounding Improvements: $3,000,000 + in adjacent park and street scape renovations. Dining District enhancements and upcoming new restaurant openings • Residents: Over 10,000 residents in the Downtown • Ideal Uses: Restaurant, Retail, Service • Condition: Being sold as is This property represents a compelling opportunity for forward-thinking investors to contribute to and benefit from Springfield's continued resurgence.

FOR SALE DETAILS

PRICE

$387,500 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Bridge St

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Business C

APN/PARCEL ID

SPRI-011120-000000-000004

ASK ABOUT THIS PROPERTY

Kevin JenningsJennings Real Estate Services, Inc.More Info
413-265-1219

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Kevin JenningsJennings Real Estate Services, Inc.More Info
413-265-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.