908 Belmont Ave - Storefront Retail/Residential FOR SALE


Springfield, MA 01108- Forest Park
$750,000 USD
781-776-4006
908 Belmont Ave, Springfield, MA for Sale
$750,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 8.07% Cap Rate

908 Belmont Ave
Springfield, MA 01108
Forest Park


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Outstanding Location
  • Transit Oriented Location
  • Higher Education Presence
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family building located at 906-908 Belmont Avenue in Springfield, Massachusetts ("the Property"). The Property consists of a three-story multifamily building containing 4,916 square feet of gross leasable area on a 0.12-acre parcel of land. The Property is 100% leased to Gandara Mental Health Center. Gandara Mental Health Center commenced a five (5) year lease in February 2026. The lease features attractive 3.0% annual rent increases. The Property is well-located in the Forest Hills neighborhood of Springfield and is approximately 2.5-miles from the heart of Downtown Springfield with excellent access to all the amenities the city has to offer. Springfield is the economic center of western Massachusetts and features a walkable downtown with a plethora of employment and entertainment opportunities. High profile attractions include the new MGM Hotel & Casino, the MassMutual Center, and the Naismith Basketball Hall of Fame. Springfield is also home to the Commonwealth of Massachusetts' largest Fortune 100 company, MassMutual Financial Group three large area hospitals and several colleges and universities, all of which create employment opportunities and drive people to the area.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

8.07%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gandara Mental Health Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

B1

APN/PARCEL ID

SPRI-001235-000000-000169

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.