Capitol Area Office / Adaptive Reuse / Redevelopment Opportunity For Sale

Coldwell Banker Commercial Devonshire Realty is pleased to present this substantial three-story commercial property strategically located in Springfield’s Capitol area. The property offers a unique opportunity for an owner-user, investor, or developer to acquire a sizeable building near the heart of Downtown with multiple potential paths for future use. Historically utilized as a multi-floor office building and occupied by state agencies and other office users, the property could continue to serve a large corporate, governmental, institutional, nonprofit, or professional office user. The building’s existing office configuration, two passenger elevators, accessible building entry, and combination of surface and secure underground parking provide an established foundation for continued office occupancy. Beyond traditional office use, the size, configuration, and location of the property create an intriguing adaptive-reuse opportunity. A developer may explore repositioning the existing building for apartments to add housing within and around Springfield’s urban core, subject to zoning and governmental approvals.