Springfield Neighborhood Retail Plaza

106-126 Island Pond Road Springfield, MA 01118

106-126 Island Pond Road, Springfield, MA, 01118
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FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Dec 26, 2024

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Description

Multiple retail leasing opportunities are now available at a highly visible retail plaza in the East Forest Park section of Springfield. Recently purchased by one of its current tenants, the plaza is set to undergo significant reinvestment and revitalization, transforming it into a vibrant neighborhood shopping destination. Current tenants include Bank of America, Advanced Auto Parts, and Nathan Bill's Bar & Restaurant. A variety of suite sizes are available to accommodate a wide range of tenant requirements, with a potential pad site also under consideration. With over 10,000 vehicles passing by daily on Island Pond Road (2024 MassDOT), this plaza offers exceptional visibility and an exciting opportunity to establish or grow your business in a thriving community.

The plaza is located in East Forest Park with great retail demographics.


Year Built: 1974
Building Size: 32141sq ft
Lot Size: 6.83 acres

Units for Lease

120 Island Pond Rd.
Space Available: 1000 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00

Map of 106-126 Island Pond Road, Springfield, MA, 01118

Presented by:
Jennings Real Estate Services, Inc.

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Kevin Jennings


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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.