Sold!
$650,000
0.42
Acres
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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.
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Highlights
- Area: Forest Park
- Property Class: Commercial Sale
- Status: Closed
- Parking Spots: 20
- Year Built: 1920
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Additional Details
- Zoning: Sr2b1
- Zoning Description: Legal Conforming
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Fees / Taxes
- Buyer Agent Compensation: 2.5%%
- Tax Year: 2023
- Facilitator Compensation: 2.5%%
- Taxes: $9,770
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Listing information provided courtesy of Berkshire Hathaway HomeServices Realty Professionals.
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