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Pending

191 Chestnut Street Springfield. MA 01103

$1,045,000

Commercial Sale

0 Bedrooms

0 Bathrooms

29,554 sq ft

60 Parking Spots

Built in 1900

PRICE JUST REDUCED!! Coldwell Banker Realty is pleased to offer this excellent investment opportunity. This well maintained 5 story office building located in downtown Springfield is just a few blocks away from Amtrak's Union Station and has easy access to the major highways Route 91 and the Mass Pike. It's also within close proximity to the Mass Mutual Center, City Hall and the MGM Casino. There is ample parking for approximately 60 vehicles. The building is fully sprinklered and all the windows on floors 2-5 have been replaced approximately 7-8 years ago. This property is a must for any investors portfolio.

This listing has been viewed 41 times in the past 212 days

Last Updated: October 19th, 2024 at 4:18am

General Information for 191 Chestnut Street, Springfield, Massachusetts 01103

Property TypeCommercial Sale

Price$1,045,000

MLS #73154316

List Date2023-09-01

Special Listing ConditionsNo

StateMassachusetts

Street NameChestnut Street

Unit

CitySpringfield

Zip Code01103

CountyHampden

MLS Status

AssociationNo

Heat Zones

Sold Date

Building Area Total29554

Building Area Units0

Close Date

Close Price$0

Listing Service

UnparsedAddress191 Chestnut Street, Springfield MA 01103

Zoning

Zoning DescriptionLegal Conforming

Business TypeProfessional/office

Interior Features for 191 Chestnut Street, Springfield, Massachusetts 01103

* Approx. Living Area Total29,554 sq ft

MLS Area (Major)

OffMarketDate17/10/2024

Exterior Features for 191 Chestnut Street, Springfield, Massachusetts 01103

* Parking Spaces60

* Year Built1900

Year Built Details

Year Built Source

Construction MaterialsNo

Approx. Street Frontage

Utilities

Disclosures for 191 Chestnut Street, Springfield, Massachusetts 01103

Buyer Agent Compensation2

ContingencyPending P&S

FinancingNo

Disclosures

Documents AvailableNo

MLSPIN_COMP_BASED_ON

MLSPIN_COOP_COMP

MLSPIN_DISCLOSURE

Lead PaintUnknown

Facilitator Compensation1

TransactionBrokerCompensationType

BuyerAgencyCompensationType

Financial Information for 191 Chestnut Street, Springfield, Massachusetts 01103

Association Fee$0

Association Fee Frequency

Associaton Fee IncludesNo

AssociationNo

Assessed Value

Real Estate Tax$0

Tax Year

Existing Lease TypeGross

OriginalListPrice$1,400,000

Lifestyle Information for 191 Chestnut Street, Springfield, Massachusetts 01103

Association AmenitiesNo

Frontage Type

GarageYNNo

Location information for 191 Chestnut Street, Springfield, Massachusetts 01103

Marketing History for 191 Chestnut Street, Springfield, Massachusetts 01103

MLSPIN_MARKET_TIME_BROKER

MLSPIN_MARKET_TIME_PROPERTY

PurchaseContractDate2024-10-03

Agent Information for 191 Chestnut Street, Springfield, Massachusetts 01103

Agent MLS IDM9500049

Office MLS IDAN7885

Buyer Agent MLS ID

Buyer Office MLS ID

Team Members

Exclusive Listing Agent

Aldo Giella

Coldwell Banker Realty - Western MA

Agent Phone

(413) 297-2194

Office Phone

(413) 567-8931

Text Agent Call Agent Call Office

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            [type] => text
            [name] => CONTINGENCY_TYPE
            [value] => Pending P&S
        )

[field_3069] => Array
        (
            [field_id] => 3069
            [type] => price
            [name] => LIST_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3075] => Array
        (
            [field_id] => 3075
            [type] => datetime
            [name] => ModificationTimestamp
            [value] => 18/10/2024 07:05:00
        )

[field_3094] => Array
        (
            [field_id] => 3094
            [type] => price
            [name] => SOLD_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3095] => Array
        (
            [field_id] => 3095
            [type] => number
            [name] => STREET_NUM
            [value] => 191
        )

[field_3098] => Array
        (
            [field_id] => 3098
            [type] => text
            [name] => TransactionBrokerCompensation
            [value] => 1
        )

[f_3102] => Array
        (
            [field_id] => 3102
            [type] => feature
            [name] => Waterfront
            [values] => Array
                (
                    [0] => No
                )

)

[field_3118] => Array
        (
            [field_id] => 3118
            [type] => price
            [name] => NOI
            [raw] => 152188
            [unit_id] => 260
            [value] => $152,188
            [price_only] => $152,188
        )

[f_3125] => Array
        (
            [field_id] => 3125
            [type] => feature
            [name] => ROAD_TYPE
            [values] => Array
                (
                    [0] => No
                )

)

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[f_3166] => Array
        (
            [field_id] => 3166
            [type] => feature
            [name] => RENT_FEE_INCLUDES
            [values] => Array
                (
                    [0] => No
                )

)

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 413-567-8931
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 413-297-2194
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3183] => Array
        (
            [field_id] => 3183
            [type] => number
            [name] => BuildingAreaTotal
            [value] => 29554
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2
        )

[f_3188] => Array
        (
            [field_id] => 3188
            [type] => feature
            [name] => CommunityFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[f_3190] => Array
        (
            [field_id] => 3190
            [type] => feature
            [name] => ConstructionMaterials
            [values] => Array
                (
                    [0] => No
                )

)

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 60
        )

[f_3195] => Array
        (
            [field_id] => 3195
            [type] => feature
            [name] => CurrentFinancing
            [values] => Array
                (
                    [0] => No
                )

)

[f_3196] => Array
        (
            [field_id] => 3196
            [type] => feature
            [name] => DocumentsAvailable
            [values] => Array
                (
                    [0] => No
                )

)

[f_3198] => Array
        (
            [field_id] => 3198
            [type] => feature
            [name] => DoorFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3204] => Array
        (
            [field_id] => 3204
            [type] => text
            [name] => ExistingLeaseType
            [value] => Gross
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[f_3207] => Array
        (
            [field_id] => 3207
            [type] => feature
            [name] => FinancialDataSource
            [values] => Array
                (
                    [0] => No
                )

)

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 343599
            [unit_id] => 260
            [value] => $343,599
            [price_only] => $343,599
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 01/09/2023
        )

[f_3225] => Array
        (
            [field_id] => 3225
            [type] => feature
            [name] => LotFeatures
            [values] => Array
                (
                    [0] => No
                )

)

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 27,247 Sqft
            [raw] => 27247
            [unit_id] => 1
        )

[field_3229] => Array
        (
            [field_id] => 3229
            [type] => date
            [name] => OffMarketDate
            [value] => 17/10/2024
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 191411
            [unit_id] => 260
            [value] => $191,411
            [price_only] => $191,411
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 1400000
            [unit_id] => 260
            [value] => $1,400,000
            [price_only] => $1,400,000
        )

[field_3234] => Array
        (
            [field_id] => 3234
            [type] => textarea
            [name] => PrivateOfficeRemarks
            [value] => Income and expense sheets are attached. Expenses a
        )

[field_3237] => Array
        (
            [field_id] => 3237
            [type] => date
            [name] => PurchaseContractDate
            [value] => 03/10/2024
        )

[f_3238] => Array
        (
            [field_id] => 3238
            [type] => feature
            [name] => SpecialListingConditions
            [values] => Array
                (
                    [0] => No
                )

)

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 191 Chestnut Street, Springfield MA 01103
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3246] => Array
        (
            [field_id] => 3246
            [type] => text
            [name] => ZoningDescription
            [value] => Legal Conforming
        )

[f_3247] => Array
        (
            [field_id] => 3247
            [type] => feature
            [name] => BusinessType
            [values] => Array
                (
                    [0] => Professional/office
                )

)

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 01/09/2023 16:52:00
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[f_3304] => Array
        (
            [field_id] => 3304
            [type] => feature
            [name] => AssociationAmenities
            [values] => Array
                (
                    [0] => No
                )

)

[f_3305] => Array
        (
            [field_id] => 3305
            [type] => feature
            [name] => TenantPays
            [values] => Array
                (
                    [0] => No
                )

)

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3311] => Array
        (
            [field_id] => 3311
            [type] => number
            [name] => BRE_Total_Parking
            [value] => 60
        )

)

EXIT

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