704-708 Sumneravenue, Springfield, MA

$460,000

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About 704-708 Sumneravenue

Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residential income potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it ideal for professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. The property offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike. Earning $4,700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-traffic location ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MA Turnpike.

Features of 704-708 Sumneravenue

MLS® # 73528412
Price $460,000
Year Built 1920
Type Commercial Sale
Status Active

Community Information

Address 704-708 Sumneravenue
City Springfield
County Hampden
State MA
Zip Code 01108

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Zoning B1

Listing Details

Agent Maxwell Castrogiovanni
Office eXp Realty LLC

Listing Map

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