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752 Sumner Ave
Springfield, MA 01108
Asking Price
Contact for price
Asset Type
Retail
Class
Class B
What's Special
Retail <ul><li>Entitlement risk eliminated. City Conditional Approval (Tier 1) is in hand, signed by Deputy Director Philip Dromey on April 13, 2026. The 2-year window to file a building permit is open. Most comparable value-add deals in this market require the buyer to navigate zoning and approval hurdles — this one does not.</li><li>Income from day one. Verified retail income of $9,200/month from 5 tenants covers carrying costs throughout construction. At an acquisition bridge loan of 10% on $999K,
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
