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752 Sumner Ave
Springfield, MA 01108
Retail Property For Sale
Investment Highlights
- Seven approved residential units
- Electrical upgrades completed
- Opportunity to significantly increase future income
- Ten dedicated parking spaces secured
- Separate utility metering
- This offering is ideal for developers, value-add investors, mixed-use operators and 1031 exchange buyers seeking both current income and future growth
Executive Summary
Mixed-use investment opportunity with immediate income and approved residential upside. Fully leased first floor generates approx. $110,400/year from 5 established commercial tenants. City approval in hand for 7 second-floor residential units. Gross income can exceed $250,000 when completed. Approval package, architectural plans, and parking agreements convey with sale. New roof, electrical upgrades, mini-splits, separate utilities/meters, and 10 secured parking spaces. Ideal for investors, developers, and 1031 exchange buyers. Offered at $999,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,268 SF
Building Class
C
Year Built
1920
Price
$1,405,593 CAD
Price Per SF
$151.66 CAD
Cap Rate
11.05%
NOI
$155,333 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.63 AC
Zoning
B1
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Number | SPRI-011280-000000-000136 | Improvements Assessment | $1,352,690 CAD |
| Land Assessment | $242,989 CAD | Total Assessment | $1,595,679 CAD |
Property Taxes
Parcel Number
SPRI-011280-000000-000136
Land Assessment
$242,989 CAD
Improvements Assessment
$1,352,690 CAD
Total Assessment
$1,595,679 CAD
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