289–307 Bridge St is one of the two multi-use income-generating properties offered together as an investment portfolio on Springfield’s high-traffic Bridge Street. 289–307 Bridge St is offered for $1.8M – 28,303 SF net rentable / 57,919 SF gross, 6 above-ground floors. Features retail, office, bar/lounge, and restaurant space, plus sub-grade support area. The building has long-standing tenants generating stable income, with some vacancies offering value-add opportunities. 315–333 Bridge St price upon request – 26,700 SF net rentable / 26,700 SF gross, 2 above-ground floors. Includes retail and office space, plus support area. The second floor is currently vacant, providing potential for additional income or redevelopment.Portfolio Totals:• Net Rentable SF: 55,003• Gross Building Area: 84,619 • Diversified income streams from multiple tenant types• City-approved, move-in ready• Rare opportunity to acquire a multi-tenant commercial portfolio on a high-traffic corridor• Value-add opportun
289-307 Bridge St, Springfield, MA, 01103
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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