Excellent opportunity to own a four-bay automotive building located at the corner of Fountain and Appleton Streets in Springfield’s Forest Park neighborhood. The property offers strong visibility from busy Dickinson Street and is conveniently positioned approximately one mile from the Longmeadow and East Longmeadow town lines and just 2.5 miles from downtown Springfield. Currently configured as a two-tenant auto repair facility, the right-side tenant is month-to-month, while the left side is owner-occupied and will be delivered vacant at closing. The building features four 10’ x 10’ overhead doors, 200-amp electrical service, a front office area, and ample storage space. Two lifts and an air compressor are included in the sale, making this a turnkey opportunity for an owner-user, investor, or automotive-related business.
5 Fountain St, Springfield, MA, 01108
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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