0 Allen St (Ss) Springfield — Photo 1 of 10
$999,000
Investment Analysis — 0 Allen St (Ss)
Springfield, MA 01118 — Sixteen Acres
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01118 carries an estimated $1,360/mo in gross rent — about a 1.11% cap rate and $11,123/yr in estimated NOI at the $999,000 list price. Adjust every assumption in the calculator below.
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Commercial development opportunity in one of Springfield’s most populated and affluent neighborhoods, 16 Acres. The parcel is well-positioned at the busy, signalized intersection of Allen Street and Bicentennial Highway, with greater than 30,000 vehicles passing daily. Neighboring sites include Bicentennial Plaza (a popular local retail center), Florence Bank, McDonald’s, Wendy’s, and several medical properties. At the crossroads of Springfield's suburbs, the site benefits from great visibility, strong east-west commuter traffic, and is convenient to regional retail hub Five Town Plaza. Many usage and configuration possibilities for retailers, QSRs, etc. Split commercial and residential zoning. The site includes a right-of-way to the traffic signal.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Property History
$999,000
Was $1,050,000
Nov 1, 2025
MLS® 73306333
$1,050,000
Oct 25, 2024
MLS® 73306333
Listing Agent: Paul Bongiorni
Listing Office: Pioneer CRE
MLS® Number: 73306333
