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    1150 W Columbus Ave Springfield, MA 01105

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    For Sale
    $14,965,000

    Fitness center and law firm located in Springfield, MA.

    Property size:
    74,978 SF
    Lot size:
    17.81 Acres

    Property Features for 1150 W Columbus Ave

    General Information

    Size
    74,978 SF
    Lot size
    17.81 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hall of Fame Entertainment Complex

    The property is located adjacent to downtown Springfield, neighboring the Naismith Basketball Hall of Fame and MGM Springfield Casino. The population within 5 miles of the property is over 234,880 individuals. The property is an individual condominium unit as part of the larger “Springfield Riverfront Condominium” complex. The complex is subject to a 99-year ground lease held by the Springfield Riverfront Development Corporation, with the remaining term lasting Seventy-Five (75) years, expiring in 2099. The property consists of a fitness center and a law firm. Fitness International, LLC recently renewed their lease by 15 years. The landlord holds a $800,000 deposit in escrow that LA Fitness intends to contribute towards a renovation in the near future. It is anticipated that Esporta will be rebranded as a LA Fitness during this renovation. The law firm Pellegrini, Seeley, Ryan & Blakesley, P.C. is currently under a gross lease and paying below-market rent, giving the buyer potential for future upside by increasing the rent and converting to a triple net lease. The property size is 74978 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tina M. Teixeira, ... Physical Therapist Esporta Fitness Gym Laura Debruin Physical Therapist

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Caring Health Centers, Exercise in Disguise Fitness, Sheraton Athletic Club, Western Mass Wellness Center, Esporta Fitness

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.586156
    Latitude
    42.095567

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    FAQs

    What type of property is this?
    Fitness center & gym - Fitness center and law firm located in Springfield, MA.
    Where is this fitness center & gym located?
    The property is located at 1150 W Columbus Ave Springfield, MA.
    What is the asking price?
    The asking price for this property is $14,965,000.
    What are key features of this property?
    This property features: - LA Fitness recently renewed their lease for 15 years, demonstrating a strong commitment.; - Landlord holds an $800,000 deposit in escrow from LA Fitness intended for future renovations.; - Located in the Basketball Hall of Fame Entertainment Complex on the Connecticut Riverfront, near the Naismith Basketball Hall of Fame and MGM Springfield Casino.
    (332) 345-2408
    Request Owner's contact information
    1150 W Columbus Ave Springfield, MA 01105
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    Springfield, MA 01105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1150 W Columbus Ave Springfield, MA 01105
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