A Republican file photo of the Mardi Gras Strip Club in downtown Springfield, Mass. (Don Treeger / The Republican)
SPRINGFIELD — Last week, the first prospective buyer toured 91 Taylor St., a property locally famous as home of the Mardi Gras strip club. But it seems to be getting attention on the real estate market from folks who don’t necessarily want to be in the club business.
“I can tell you there are a lot of people interested in Springfield,” said Daniel J. Moore, vice president of Brokerage Services for NAI Plotkin real estate in Springfield. “Whether they are interested in that club business, or if they are developers, I don’t know.”
The property is for sale with an asking price of $2.9 million for the building or $4.99 million for the building and the Mardi Gras business. The Mardi Gras business, its licenses, furnishings and all, is for sale at a cost of $2 million.
Mardi Gras, 2 other Springfield strip clubs put up for sale
The owners are looking for $2.9 million for the building, $4 million for the building and businesses.
The building also contains the 350 Grill and the Bourbon Street nightclub. The Mardi Gras and the other businesses remain open during the sales process.
The 66,000-square-foot building is located on 1.6 acres of land and has parking for 138 cars. It is zoned Business C and is in an Opportunity Zone, making it eligible for federal tax breaks meant to encourage rehabilitation and redevelopment.
Records on file at the Hampden Registry of Deeds show the property is owned by B.S.C. Realty, a company controlled by James Santaniello of Longmeadow.
Santaniello is also selling other businesses and buildings, including 265-271 Dwight St. for an asking price of $749,000, and a location on Worthington Street that is not yet listed.
Evan Plotkin, president of NIA Plotkin, said Santaniello is also selling strip club businesses in South Hadley and Connecticut.
“He’s retiring,” Plotkin said. “Running those types of businesses is a 24-hour-a-day commitment.”
Plotkin described the 91 Taylor St. building as well-adapted to use as a strip club, with a show bar, sports bar, private rooms and space for the performers. But he said a new buyer could choose to buy both the building and the Mardi Gras business, buy the building and rent the club to another operator, or put the building to a new use.
New CVS, Cumberland Farms seen as key to Springfield development
Davenport Companies has a deal with CVS across to build a $2 million store in its Davenport Square property across Main Street from the $960 million MGM Springfield. Irving also has an agreement in place to build $3 million Cumberland Farms gas station and convenience store a few blocks away at the old Registry of Motor Vehicle site on Liberty Street.
"It’s a great location when you think about it," said Kevin Kennedy, the city’s chief development officer.
The building is just off Interstates 91 and 291, it’s blocks from Union Station and MGM Springfield, and it has its own parking.
"Look at what we’re doing with the park improvements, with the dining district," Kennedy said.
Davenport Companies is redeveloping the Willys-Overland building at 151 Chestnut St. Developers eye other empty buildings nearby for mixed residential and commercial use.