438 Center Street Ludlow — Photo 1 of 27
$750,000
Investment Analysis — 438 Center Street
Ludlow, MA 01056
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01056 carries an estimated $1,220/mo in gross rent — about a 0.28% cap rate and $2,073/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
Beds
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Baths
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SqFt
3,146
Style
Other
Built
1945
Highly sought-after development opportunity in a premier commercial corridor. This strategically located parcel offers exceptional exposure w/immediate proximity to I-90 (just minutes from Ludlow exit). Situated directly alongside I-90 & surrounded by numerous national retailers, this site benefits from strong traffic counts & outstanding visibility. Located across from the Big Y Supermarket plaza & Burger King, with McDonald’s, Starbucks, Dunkin’, Wendy’s, KFC, plus additional retailers, banks, & gas stations nearby, the property sits at a busy, signalized intersection—an ideal setting for a wide range of commercial uses.The parcel encompasses approximately 14,806± sq ft and includes an existing mixed-use residential/commercial building totaling 3,146± sq ft. This rare and strategically positioned site offers unparalleled visibility and consistent exposure to a high volume of daily commuters and potential customers making it an exceptional opportunity for redevelopment or investment!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Suzie Ice Team
Listing Office: Ideal Real Estate Services, Inc.
MLS® Number: 73472520