752 Sumner Ave
Springfield, MA 01108

$999,000

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Listing Details

$999,000
MLS# 73536576
Type Commercial - Business
Status Active

7,264
Square Feet
0.356 acres
Lot Size
1920
Year Built

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Listed By

Agency Name: Berkshire Hathaway HomeServices Realty Professionals
Agent Name: Anthony Ardolino
Agency Phone: 413-596-6711

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

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.

Features

$0 Taxes
Built in 1920

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