For Sale
$14,965,000
1150 Hall Of Fame Ave Springfield, MA 01105
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- LA Fitness recently signed a 15-year lease extension, demonstrating strong commitment and securing an $800,000 escrow deposit for upcoming renovations, anticipated to rebrand the facility as a LA Fitness.
- The property enjoys a prime location adjacent to the Naismith Basketball Hall of Fame and MGM Springfield Casino, within a 5-mile radius of over 234,880 residents.
- The law firm tenant, Pellegrini, Seeley, Ryan & Blakesley, P.C., is currently under a below-market gross lease, presenting significant rental upside potential through lease modification and rent increases.
Property Details for 1150 Hall Of Fame Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 74,978 SF
- Year Built/Renovated
- 2009/2025
- Lot Size (sq. ft)
- 155,074 SF
Location Insight
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Latitude
- 42.095798
- Longitude
- -72.5869435
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 1150 Hall Of Fame 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 signed a 15-year lease extension, demonstrating strong commitment and securing an $800,000 escrow deposit for upcoming renovations, anticipated to rebrand the facility as a LA Fitness.; The property enjoys a prime location adjacent to the Naismith Basketball Hall of Fame and MGM Springfield Casino, within a 5-mile radius of over 234,880 residents.; The law firm tenant, Pellegrini, Seeley, Ryan & Blakesley, P.C., is currently under a below-market gross lease, presenting significant rental upside potential through lease modification and rent increases.
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