$650,000
$695,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
163-171 White St Springfield, MA 01108
0.42 Acres Lot
Key Details
Sold Price $650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73182857
Sold Date 01/19/24
Year Built 1920
Annual Tax Amount $9,770
Tax Year 2023
Lot Size 0.420 Acres
Acres 0.42
Property Description
Income Producing, Revenue Generating Urban Strip Mall For Sale in Densely Populated Area in the Forest Park Community of Springfield, MA. Sellers have decided to retire after decades of successful ownership creating a great opportunity for savvy long time investors or new income property owners. This property has 100k in yearly income with only 22k in expenses. NOI of 78k and acquisition cost of 695k = 11 cap. Great place to get a return on your money. Long term, solid tenants. Plenty of off street parking.
Location
State MA
County Hampden
Area Forest Park
Zoning SR2B1
Direction Corner of White & Orange Sts in densely populated area
Exterior
Utilities Available Public Water, Public Sewer
Total Parking Spaces 20
Others
Senior Community false
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Bought with Chester Ardolino • Berkshire Hathaway HomeServices Realty Professionals