FOR SALE: 2.52 Acre Parcel – 3 Corporate Ground Leases
PRICE: $3,990,000
FOR SALE: 2.52 Acre Parcel – 3 Corporate Ground Leases
PRICE: $3,990,000
1349-1355 Boston Rd, Springfield, MA
Features
- 2.52 acre retail site with three corporate ground leases
- M&T Bank, Applebees Restaurant, Verizon Wireless
- Business A zoning
- 3,116 sf bank branch, 4,884 sf restaurant, and a multi-carrier cell tower
Site Information
- Heavily traveled retail corridor
- Over 23,000 vehicle trips per day
PROPERTY OVERVIEW
The offering includes three ground leases on a 2.52 acre parcel that is improved with a free standing bank building, a free standing restaurant and a cell tower. The M&T bank consists of 3,116 square feet which was built in 2006 with a recent significant renovation. The restaurant is a corporate Applebee’s lease and is a 4,884 square foot building built in 2007. The cell tower at the rear of the property is leased to Verizon. The property is located on the busy commercial corridor of Boston Road in Springfield that sees over 23,000 vehicle trips per day.
Contact Kevin Jennings or Jonathan Little 413.731.7770
