704-708 Sumner Ave - Office/Residential FOR SALE


Springfield, MA 01108- Forest Park
$499,900 USD
860-302-8394
704-708 Sumner Ave, Springfield, MA for Sale
$499,900 USD
Office/Residential - FOR SALE
1/59
null | 8% Cap Rate

704-708 Sumner Ave
Springfield, MA 01108
Forest Park


OVERVIEW

LOTS OF ROOM TO IMPROVE RENT! Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residential income potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it ideal for professional, medical, retail, or service-based businesses. Commercial space is on a lease until Nov 2028. Above, residential apartments provide additional income and long-term investment value. All residential apartments are rented without a lease, month to month agreements. The property offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike. Earning $4,700 per month rental income, there is ample room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-traffic location ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways, including I-91 & the MA Turnpike.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$152 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sumner

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B1

APN/PARCEL ID

SPRI-011280-000000-000127

ASK ABOUT THIS PROPERTY

860-302-8394

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860-302-8394

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