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1 Allen St
Springfield, MA 01108 Old Hill

$3,500,000 USD

Manufacturing For Sale  •  171,898 SF

Property Details

  • Property Type Manufacturing
  • Total Building Size 171,898 SF
  • Lot Size 4 AC
  • Building Class B
  • Year Built 1857
  • Tenancy Multiple
  • Zoning I2
30 Transit Score
70 Walk Score

Highlights

Adaptive reuse project with completed architectural plans enabling immediate advancement through permitting and construction.
Opportunity Zone designation offering long-term capital gains tax advantages for qualifying investors.
Undersupplied storage market with no existing facilities within one mile and below-equilibrium supply across the metro.
Historic Tax Credits exceeding $2 million that effectively lower the development basis and enhance forward yield.
High-density multi-family and workforce housing environment providing consistent, durable demand for climate-controlled storage.
Strong municipal investment evidenced by adjacent $2.6 million dam infrastructure upgrades supporting long-term area revitalization.

Public Transportation

Commuter RailDriveWalkDistance
Springfield (Hartford Line - CONN DOT) 3 min - 2.0 mi
Holyoke Amtrak (Valley Flyer - Amtrak, Vermonter - Amtrak) 15 min - 9.2 mi
AirportDriveWalkDistance
Bradley International 33 min - 16.7 mi
Jennifer Stein 213-446-5366 SkyView Advisors
Jennifer Stein 213-446-5366 SkyView Advisors