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707 State St

13,500 SF Retail Building Springfield, MA 01109 For Sale

Drug Stores Massachusetts Springfield 707 State St, Springfield, MA 01109

Investment Highlights

  • Lighted Intersection
  • 13,500 SF Building
  • 2 Acre Parcel
  • Short-Term Walgreens Lease

Executive Summary

Region Commercial is pleased to present this approximately 13,500 square foot prime retail/pharmacy building for sale and for lease. The property, presently leased to Walgreens on a short-term basis, is in an excellent location located at a lighted intersection and just outside of Springfield's downtown area. The building is situated on an oversized lot, measuring close to 2.02 acres, with ample parking at the front/side of the building, and 360 degree access around the property with a drive-thru. The property features access on three streets - State, Hancock, and a rear entrance/exit on Monroe Street. With close to 207,000 people in a 3-mile radius, and over 20,690 daily vehicles, the property is a strategically important retail site in the greater Springfield-Metro area.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,500 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
2.02 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
BA - Business A
Parking
98 Spaces (7.26 Spaces per 1,000 SF Leased)
Frontage
240 FT on State Street

Links

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Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number SPRI-011110-000000-000511 Improvements Assessment $2,447,900
Land Assessment $602,300 Total Assessment $3,050,200

PROPERTY TAXES

Parcel Number
SPRI-011110-000000-000511
Land Assessment
$602,300
Improvements Assessment
$2,447,900
Total Assessment
$3,050,200
(413) 415-1200

  • Listing ID: 31941569

  • Date on Market: 5/28/2024

  • Last Updated:

  • Address: 707 State St, Springfield, MA 01109

More public record information on 707 State St, Springfield, MA 01109

The Retail Property at 707 State St, Springfield, MA 01109 is currently available For Sale. Contact Region Commercial for more information.

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707 State St, Springfield, MA for sale Building Photo- Image 1 of 11
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707 State St
(413) 415-1200 x

707 State St

1/2

Ben Bolotin

(413) 415-1200

(413) 415-1200

Mitch Bolotin

(413) 537-2020

(413) 537-2020

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