18 Salem St

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18 Salem St

Springfield, MA 01105
Asking Price
$599K
Asset Type
Religious/Church Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Special-purpose religious facility located in downtown Springfield
  • Total building footprint measures 20,734 square feet
  • Asset listed for sale at a price of 599,000 dollars
  • Significant value-add opportunity in a key western Massachusetts market
  • Property sits at coordinates 42.1063 and -72.5865

What's Special

Springfield serves as a primary economic hub in western Massachusetts, characterized by a diverse industrial base and a consistent regional population. Positioned within this established urban landscape, 18 Salem Street presents a significant special-purpose asset totaling 20,734 square feet. This religious facility offers a clear value-add opportunity for investors or organizations seeking a substantial footprint in the downtown vicinity. The configuration of the property supports a variety of institutional or community-focused use cases, allowing for potential repositioning or continued utility as a place of worship. Its strategic location provides accessible connectivity to local infrastructure and major transit routes throughout the city. The scale of the building combined with its central placement makes it a functional choice for entities looking to expand their operations within the Springfield submarket.

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NOI
$80,000
Cap Rate
13.36%
DSCR
2.25
Strong
Cash-on-Cash
24.73%
Monthly Payment
$2,963.525
Annual Cash Flow
$44,437.698

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