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.
Currently two tenants pizza shop and a nail salon - Both spaces have no leases and will vacate. New owner may renovate and lease out, or perfect owner user location. The Neighbors are Stop and Shop - Big Y gas.
The median home value in Springfield, MA is $240,800. This is lower than the county median home value of $280,000. The national median home value is $338,100. The average price of homes sold in Springfield, MA is $240,800. Approximately 43.65% of Springfield homes are owned, compared to 48.7% rented, while 7.65% are vacant. Springfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Springfield real estate agent to arrange a tour today!
Springfield, Massachusetts 01118 has a population of 155,770. Springfield 01118 is less family-centric than the surrounding county with 17.99% of the households containing married families with children. The county average for households married with children is 23.64%.
The median household income in Springfield, Massachusetts 01118 is $43,308. The median household income for the surrounding county is $61,310 compared to the national median of $69,021. The median age of people living in Springfield 01118 is 33.5 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 46.3 inches per year, with 40.2 inches of snow per year.