$16,750,000
74,978
Living Area
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Property Description
Tenants include LA Fitness, Pellegrini, Seeley, Ryan & Blakesley, P.C., and Professional Physical Therapy with an NOI of $949,942,000. Site of the original Basketball Hall of Fame. LA Fitness recently signed a 15-year renewal. Marque location with unmatched visibility. The property is situated in Springfield, MA, within the Pioneer Valley, directly across from and sharing parking with the Basketball Hall of Fame. The River's Landing Development spans along the Connecticut River to the West and I-91 to the East. Recognized as"the crossroads of New England," the region is characterized by the intersection of Interstate 91 and I-90 (Massachusetts Turnpike) in West Springfield, connected by I-291 in Springfield. I-91 serves as a major highway running from Florida to the Canadian border, while I-90 links Boston to Albany. The daily traffic count on I-91 near the property is approximately 110,000 cars.
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Highlights
- Acres: 3
- Property Class: Commercial Sale
- Status: Active
- Parking Spots: 1,400
- Year Built: 1985
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Additional Details
- Zoning: Wc
- Zoning Description: Legal Conforming
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Fees / Taxes
- Buyer Agent Compensation: .5
- Taxes: $287,418
- Tax Year: 2023
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