23,554 sqft

$2,100,000

217-241 Park Ave, West Springfield MA, 01089

Price per sqft$89.16

Built in1974

Property size23,554 sqft

Property typeCommercial

Overview

Active

Listed Jan 29, 2024

Updated 4 weeks ago

Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale with a partial leaseback. The sale includes a prominent 5-story office tower and a single-story office building, spread across four parcels. Park Tower (225 Park Ave.) features multiple floors of luxurious office space, along with a two-lane drive-through/ATM. The tower is +/- 17,670 net SF. KeyBank will lease back their existing first floor branch, which was recently renovated, as well as a small portion of the 3rd floor. The 4th floor was recently leased to the local chapter of a national trade organization. Adjacent to the tower is a vacant, single-story +/- 5,884 SF commercial building (229 Park Ave.) which could be suitable for a variety of uses. Located minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Big E, and area highways. Corner lot with great traffic counts and visibility.

Additional information

MLS^® ID: 73197300

Interior Features

Basement: No

Exterior Features

Lot Size: 1.29 Acres

Other Property Details

Taxes: $78,759
Tax Frequency: Annually
55+/Senior Community: No

This listing is provided by Paul Bongiorni with Pioneer CRE

The property listing data and images displayed herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, and public records, and compiled by MLS Property Information Network, Inc. This information is intended solely for the personal, non-commercial use of consumers who have a genuine interest in purchasing or leasing listed properties. It may not be used for any purpose other than to identify prospective properties of interest.

MLS Property Information Network, Inc. and its subscribers make no representations or warranties regarding the accuracy of the listing data or images presented.

Data last updated 4:43 AM UTC, 9/4/2026