903-909 Main St 13,800 SF 100% Leased Retail Building West Springfield, MA 01089 $1,300,000 ($94.20/SF) 9.31% Cap Rate

EXECUTIVE SUMMARY

Rare Opportunity - Enhance your portfolio with this unique Mixed-use Prime property .This Cash Cow-consists of a ROOMING HOUSE w/ 27 ROOMS+ 2 long term anchors(10 yrs +) Retail market /Warehouse- leasing 5,000 sf~ and~A take- out restaurant.* Residential side -Tenants pay weekly- adding extra 4 Weeks to your profits. The retail spaces pay monthly & pay their own utilities. Seller pays water/sewer for tenants There is parking for the retail warehouse- + ADDITIONAL 10,900 sf lot across the street for tenants* 3- new electrical- circuit panels.. Property is serviced by Gas heat( 3 meters)1)for residential,-1)for rear warehouse 1)for store &kitchen--+ mini splits-Some mechanicals have been recently replaced-NEW roof on lower level, two New HVAC systems for the retail. There are*Monitored interior sprinklers- Prime location, w /visibilty &high traffic~minutes to plazas ,public transportation , amenities, shops, highways. Easy to rent- Seller will entertain creative financing.

ATTACHMENTS

Expenses
Rent Roll

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,800 SF
Year Built
1911
Price
$1,300,000
Price Per SF
$94.20
Cap Rate
9.31%
NOI
$121,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.95
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
mixed/BA - 013 - Mixed Use - Prim Resd & Comm
Parking
15 Spaces (1.24 Spaces per 1,000 SF Leased)
Frontage
123’ on Chapin St
Bike Score®
Very Bikeable (70)

NEARBY MAJOR RETAILERS

Big Y World Class Market
Bank of America
Planet Fitness
Rent-A-Center
The YMCA
Community Bank, N.A.
TD Bank
KeyBank
Chase
Powerhouse Gym

PROPERTY TAXES

  • Listing ID: 35253314

  • Date on Market: 3/25/2025

  • Last Updated:

  • Address: 903-909 Main St, West Springfield, MA 01089