1470 Allen St - Developable Land Adjacent to Bicentennial Plz
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1470 Allen St - Developable Land Adjacent to Bicentennial Plz
3.45 Acres of Commercial Land Offered at $1,050,000 in Springfield, MA 01118
Investment Highlights
- Great traffic
- Surrounded by local and national retailers/QSRs
- Convenient to Springfield area suburbs
- Adjacent to busy plaza
- Right-of-way to signalized intersection
Executive Summary
Commercial development opportunity in one of Springfield’s most populated and affluent neighborhoods, 16 Acres. The parcel is well-positioned at the busy, signalized intersection of Allen Street and Bicentennial Highway, with greater than 30,000 vehicles passing daily. Neighboring sites include Bicentennial Plaza (a popular local retail center), Florence Bank, McDonald’s, Wendy’s, and several medical properties. At the crossroads of Springfield's suburbs, the site benefits from great visibility, strong east-west commuter traffic, and is convenient to regional retail hub Five Town Plaza. Many usage and configuration possibilities for retailers, QSRs, etc. The site includes a right-of-way to the traffic signal.
Property Facts
| Price | $1,050,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 3.45 AC |
| Property Type | Land |
| Price | $1,050,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.45 AC |
1 Lot Available
Lot
| Price | $1,050,000 | Lot Size | 3.45 AC |
| Price Per AC | $304,348 |
| Price | $1,050,000 |
| Price Per AC | $304,348 |
| Lot Size | 3.45 AC |
Mostly flat, partially cleared, adjacent to Florence Bank and Bicentennial Plaza. Right-of-way to traffic signal. Wetlands on southern portion of parcel.
Description
Property has never been developed and has some wetlands. Adjacent to retail plaza and freestanding retail/restaurant buildings.
PROPERTY TAXES
| Parcel Number | SPRI-000280-000000-000430 | Improvements Assessment | $0 |
| Land Assessment | $79,700 | Total Assessment | $79,700 |
PROPERTY TAXES
Parcel Number
SPRI-000280-000000-000430
Land Assessment
$79,700
Improvements Assessment
$0
Total Assessment
$79,700
zoning
| Zoning Code | SR1B1 (Zoned business A at the street line and RES A.) |
| SR1B1 (Zoned business A at the street line and RES A.) |
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1470 Allen St - Developable Land Adjacent to Bicentennial Plz
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