Discover this vintage office building situated in the vibrant Central Business District of downtown Springfield. Ideally located on Main Street, directly across from the MassMutual Center and next to MGM Springfield, this property is at the center of an evolving area.The City of Springfield is completing a multi-million dollar renovation of Court Square Park, enhancing the appeal of the neighborhood. With numerous nearby properties undergoing residential conversion, this property offers diverse opportunities for future development.The building features four leased ground floor retail units, while the upper floors house a mix of short-term and long-term office tenants. Enjoy convenient access to parking, highways, and the cultural and entertainment offerings of downtown Springfield.
The Main Street property is located across the street from the MassMutual Center, on the adjacent block to MGM Springfield and abuts the redeveloped 31 Elm Street in the Central Business District of Springfield.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
