Retail Investment Opportunity

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30331391
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 21,738 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $94.30 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2019

Overview / Comments

473-479 Sumner Avenue is a 21,738-square foot retail property. The property was recently renovated in 2014 and is situated on a 1.02-acre site. It is currently 100%leased to a mix of local and regional tenants including, Goodwill and Interstate Mart. The parking lot contains 105 parking spaces and is in full compliance for ADA and ingress/egress signage.

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: 112800417 (#473) & 112800416 (#475-479)
Retail Clientele: General
Property Visibility: Good
Largest Nearby Street: Lenox St
Feet of Frontage: 210
Number of Stories: 1
Property Condition: Good
Year Built: 1954
Parking Ratio: 4.7 (per 1000 SF)
Total Parking Spaces: 100
Zoning Description: B1
Lot Frontage: 333

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,726 140,378 260,967
Median Age: 31.13 34.32 36.62
Households: 11,007 51,504 98,455


Photograph of Listing Agent

Judy Niles-Simmons

NAI Norwood Group NECPE Member
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