505-583 E Columbus Ave - Office FOR SALE


Springfield, MA 01105- Forest Park
$4,500,000 USD
413-781-0066
505-583 E Columbus Ave, Springfield, MA for Sale
$4,500,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

505-583 E Columbus Ave
Springfield, MA 01105
Forest Park


HIGHLIGHTS

  • Highway Visibility
  • Ample Parking
  • Heavy Traffic
  • Conveniently Located.

OVERVIEW

Colebrook Realty Services, Inc. is pleased to exclusively offer for sale a fully leased, two-building office investment property with an additional ATM pad site. The property comprises approximately 34,400 square feet of office space situated on 2.34 acres in a highly visible location with excellent exposure and convenient access to Interstate 91. Positioned in the heart of Springfield's entertainment and hospitality district, the property is located near the Naismith Memorial Basketball Hall of Fame and the MGM Springfield resort and casino. This stabilized asset presents an exceptional opportunity for investors seeking strong occupancy, prominent visibility, and a strategic location. The sale of the Property shall include the assignment of the Easement Agreement for the rear parking area.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

505 - 511 East Columbus Avenue

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Day Care Center, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

147

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

IA

APN/PARCEL ID

SPRI-004303-000000-000605

ASK ABOUT THIS PROPERTY

John DillColebrook Realty Services, Inc.More Info
413-781-0066

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John DillColebrook Realty Services, Inc.More Info
413-781-0066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.