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505 - 511 East Columbus Avenue 505-583 E Columbus Ave 35,219 SF 100% Leased Office Building Springfield, MA 01105 $4,500,000 ($127.77/SF)



INVESTMENT HIGHLIGHTS
- Highway Visibility
- Heavy Traffic
- Ample Parking
- Conveniently Located.
EXECUTIVE SUMMARY
Colebrook is pleased to offer for sale a two (2) medical/office building complex with an ATM pad site. The property features approximately 35,219 SF of building area on 2.34 acres of land in a prime location with I 91 visibility and access. The property is fully leased and located in close proximity to the Naismith Memorial Basketball Hall of Fame and the new $900 million dollar MGM Casino. The property is situated on a large lot at the south end of Springfield’s downtown area. The asking price for the property is $4,500,000. The sale of the Property shall include the assignment of the Easement Agreement for the rear parking area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
35,219 SF
Building Class
B
Year Built/Renovated
1950/1982
Price
$4,500,000
Price Per SF
$127.77
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,467 SF
Building FAR
0.35
Lot Size
2.34 AC
Zoning
IA - Industrial A
Parking
147 Spaces (4.27 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 8,035 SF | Office | - | Jan 2026 |
1st Floor
| Size |
| 8,035 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Jan 2026 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 8,035 SF |
| Space Use | Office |
| Condition | - |
| Available | Jan 2026 |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | SPRI-004303-000000-000605 | Improvements Assessment | $1,397,300 |
| Land Assessment | $1,818,000 | Total Assessment | $3,215,300 |
PROPERTY TAXES
Parcel Number
SPRI-004303-000000-000605
Land Assessment
$1,818,000
Improvements Assessment
$1,397,300
Total Assessment
$3,215,300
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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505 - 511 East Columbus Avenue | 505-583 E Columbus Ave
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