Listed by L&P Commercial - Low
$450,000
Shakago Martini & Piano Bar
Details
Property Type Office, Retail
Sub Type Bar, Restaurant
Square Footage 6,772
Net Rentable (SqFt) 4,845
Occupancy 30%
Tenancy Multi
Pro-Forma Cap Rate 9.37%
Pro-Forma NOI $42,182
Price per SqFt $66
Class B
Year Built 1900
Year Renovated 2012
Buildings 1
Stories 3
Lot Size (SqFt) 2,160
Zoning B
Investment Type Value Add
Ownership Private
Great Downtown Location, Lots of Possibilities
Marketing description
L&P Commercial is pleased to offer 21-23 Hampden Street for sale. With 6,772 square feet
on three levels, the building has a cozy bar on the first floor and an event space on the
second. The third floor has a stage and was used as an entertainment venue years ago.
The basement has a full kitchen, as well as storage. I-91 is only a few blocks away as is
the Union Station intermodal facility.
Investment highlights
6,772 total square feet across 3 stories
First-floor bar — fully equipped
Public parking lot conveniently located next door
Prime downtown Springfield location
High foot traffic and street visibility
Full kitchen located in the basement
Strong investment or redevelopment potential
Listing Contacts
Listed by L&P Commercial - Low
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