Active
217-241 Park Ave
West Springfield MA, 01089
$2,450,000
$104.02 per sqft
Active
23,554 sqft
Commercial
Built in 1974
Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale, with a leaseback of approximately 14% of the building area to KeyBank. 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 readily available and luxurious office space, including a boardroom and several kitchens, 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. 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.
73197300
MLSⓇ ID
January 29, 2024
Listed
August 23, 2024
Updated
Map
217-241 Park Ave
West Springfield MA, 01089
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.29 Acres
Other Property Details
Taxes
$78,759
Tax Frequency
Annually
Garage
No
Parking Total
71
View
No
County
Hampden
Pool
No
Zoning
BA-1
Listing History
Date | Event | Price |
|---|---|---|
5/3/2024 | Price change | $2,450,000 -6% |
Courtesy of Paul Bongiorni, SR Commercial Realty
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Data last updated 9:49 AM UTC, 8/23/2024
