Office/Retail Building

1205-1211 Boston Road Springfield, MA 01119

1205-1211 Boston Road, Springfield, MA, 01119
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,075,000
Last Verified:
Jun 11, 2024

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Highlights

  • 4,326 SF office/retail building
  • The building consists of private office and large, open work area
  • Potential development opportunity
  • 1.26 acres of Business A zoned land
  • Located on heavily traveled artery with excellent visibility
  • Paved, onsite parking for 50+ vehicles

Description

This property consists of a total of approximately 1.26 acres (54,771 square feet) of land and is improved by a one (1) story commercial building that contains a total of approximately 4,326 square feet. The building consists of a number of private offices and large open work area. The property is located on a heavily traveled artery with good visibility and a large, paved parking area. Potential development opportunity.

The property is located on a heavily traveled artery with good visibility and a large, paved parking area.


Year Built: 1970
Building Size: 4326sq ft
Building Class: B
Lot Size: 1.26 acres

Map of 1205-1211 Boston Road, Springfield, MA, 01119

What are Real Estate Incentives?

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.