Listed by Berkshire Hathaway HomeServices Realty Professionals
$999,000
752 Sumner Ave
Details
APN 11280-0136
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Units 7
Cap Rate 6.50%
Occupancy 50%
Tenancy Multi
Brand/Tenant Clothing Boutique, Transportation
Price per SqFt $108
Year Built 1920
Year Renovated 2024
Stories 2
Lot Size (SqFt) 27,584
Zoning Business A (Bus A) — Mixed-Use Urban Commercial
Parking Spaces 10 spaces
Investment Type Value Add
Ground Lease No
752 Sumner Avenue, Springfield, MA 01108
Marketing description
752 Sumner Avenue presents a rare opportunity to acquire a fully occupied mixed-use asset with immediate cash flow and approved residential expansion potential in one of Springfield's most active commercial corridors.
The property currently generates approximately $110,400 annually in verified retail income from five established commercial tenants while offering a vacant second floor that has received City approval for conversion into seven one-bedroom apartments.
The entitlement work has already been completed, allowing the next owner to focus on execution rather than navigating zoning and approval risk.
Investment highlights
- Fully occupied first-floor retail
- Approx. $110,400 annual in-place income
- Approved 7-unit residential conversion
- City approval package available
- 10 parking spaces secured
- New roof
- Electrical upgrades completed
- Mini-split systems installed
- Separate utilities and metering
- Business A zoning
- 1031 Exchange eligible
- Strong Springfield rental market fundamentals
Listing Contacts
Listed by Berkshire Hathaway HomeServices Realty Professionals
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
BUS-A CommercialGeneral CommercialGeneral Business
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 108 uses
View all 108 uses Last updated Jun 4, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
