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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)

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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
Office
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
  • 1st Floor
  • 8,035 SF
  • Office
  • -
  • Jan 2026
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

1st Floor

Size 8,035 SF
Space Use Office
Condition -
Available Jan 2026

Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
SPRI-004303-000000-000605
Land Assessment
$1,818,000
Improvements Assessment
$1,397,300
Total Assessment
$3,215,300
  • Listing ID: 26410089

  • Date on Market: 8/15/2022

  • Last Updated:

  • Address: 505-583 E Columbus Ave, Springfield, MA 01105

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