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Investment Highlights
- • Approximately 14.12-acre site, strategically located on the edge of Longmeadow adjacent to Forest Park.
- • Existing 61,509 SF building includes banquet facilities, classrooms, commercial kitchen, and administrative offices.
- • Proximity to major hospitals, financial institutions, and higher education campuses fueling housing demand.
- • Zoning supports multifamily development with entitlement opportunities for large-scale residential projects.
- • Immediate access to I-91 and I-291, offering direct routes to Hartford, Boston, and the Pioneer Valley region.
- • Potential state and federal tax credits for mixed-income housing may enhance project economics.
Executive Summary
Temple Beth El offers a rare opportunity for developers to acquire approximately 14.12 acres of prime land in Springfield, Massachusetts, including a substantial 61,509 SF institutional facility. The property consists of two main parcels, with the majority of land zoned for multifamily residential use, and is located adjacent to Forest Park—one of New England’s largest urban parks. This site is well-positioned for large-scale residential development and benefits from Springfield’s designation as a Massachusetts Housing Choice Community, offering potential for favorable permitting and incentives.
The existing building includes classrooms, offices, meeting rooms, and a grand sanctuary with the potential for adaptive reuse. Temple Beth El is receptive to proposals that maintain essential worship facilities while creatively integrating residential or mixed-use elements, making this project ideal for developers seeking to combine community-oriented design with substantial housing solutions. Excellent connectivity via I-91 and I-291 provides quick access to Hartford, Boston, and regional hubs, while proximity to major employers, healthcare systems, and universities ensures a strong renter demand. This offering represents an exceptional opportunity to leverage a stabilized neighborhood location for much-needed housing development in western Massachusetts.
The existing building includes classrooms, offices, meeting rooms, and a grand sanctuary with the potential for adaptive reuse. Temple Beth El is receptive to proposals that maintain essential worship facilities while creatively integrating residential or mixed-use elements, making this project ideal for developers seeking to combine community-oriented design with substantial housing solutions. Excellent connectivity via I-91 and I-291 provides quick access to Hartford, Boston, and regional hubs, while proximity to major employers, healthcare systems, and universities ensures a strong renter demand. This offering represents an exceptional opportunity to leverage a stabilized neighborhood location for much-needed housing development in western Massachusetts.
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 10.50 AC |
| Sale Condition | Sale Leaseback | Building Size | 62,548 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Schools | Year Built | 1952 |
| Building Class | C | ||
| Zoning | R1 | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 10.50 AC |
| Building Size | 62,548 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Zoning | R1 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | SPRI-003910-000000-000362 | Improvements Assessment | $23,366,293 CAD |
| Land Assessment | $2,530,128 CAD | Total Assessment | $25,896,422 CAD |
Property Taxes
Parcel Number
SPRI-003910-000000-000362
Land Assessment
$2,530,128 CAD
Improvements Assessment
$23,366,293 CAD
Total Assessment
$25,896,422 CAD
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