1240 Sumner Ave
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1240 Sumner Ave
3,328 SF Retail Building Springfield, MA 01118 For Sale
Investment Highlights
- High-Visibility Location
- Spacious Layout
- Ample Parking & Drive-Through Lanes
Executive Summary
Region Commercial Real Estate is pleased to present on an exclusive basis this approximately 3,328 square foot former bank branch located on Sumner Avenue in Springfield.
The property sits on roughly 0.63 acres, at the Allen Street & Sumner Ave lighted intersection, and features ample surface parking spots out front with two drive-through lanes. Inside features perimeter offices with a large reception area, ideal for local retail businesses, or commercial office uses.
With a population of 164,000 people in a 3-mile radius, the area is demographically very strong, and regional/national retailers can be found in close proximity. A 2023 traffic study in front of the property estimated 1-way traffic at roughly 9,252 cars per day.
The property sits on roughly 0.63 acres, at the Allen Street & Sumner Ave lighted intersection, and features ample surface parking spots out front with two drive-through lanes. Inside features perimeter offices with a large reception area, ideal for local retail businesses, or commercial office uses.
With a population of 164,000 people in a 3-mile radius, the area is demographically very strong, and regional/national retailers can be found in close proximity. A 2023 traffic study in front of the property estimated 1-way traffic at roughly 9,252 cars per day.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,328 SF
Building Class
C
Year Built
2008
Building Height
1 Story
Building FAR
0.12
Land Acres
0.64 AC
Zoning
Business A/Residence A
Parking
16 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
147 FT on Sumner Avenue
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | SPRI-011280-000000-000223 | Improvements Assessment | $668,900 |
| Land Assessment | $257,400 | Total Assessment | $926,300 |
PROPERTY TAXES
Parcel Number
SPRI-011280-000000-000223
Land Assessment
$257,400
Improvements Assessment
$668,900
Total Assessment
$926,300
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Ben Bolotin -
Power Broker Mitch Bolotin -
Region Commercial
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1240 Sumner Ave
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