April 8, 2023

1016 Springfield St, Agawam, MA

This property was a 1300 sq-ft., zoned for business, previously used as a transmission shop.

1016 Springfield St, Agawam, MA

This 1,300 sq. ft. business-zoned property was previously used as a transmission shop and had been listed on and off for more than three years with three different brokers. When the sellers engaged SR Commercial, the team conducted a diagnostic to understand why it had not sold despite a reasonable price and found that many prospective buyers were concerned about potential environmental issues. After advising the sellers to work with an environmental consultant and completing an assessment that confirmed there were no environmental problems, SR Commercial was able to recoup the cost of the environmental work and secure a buyer, netting approximately $11,000 above the amount invested, with the property closing two months later.