$2,450,000

217-241 Park Ave, West Springfield, MA

23,554

Square feet

1.29

Acres

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.

Facts & Features

MLS® # 73197300
Price $2,450,000
Bathrooms 0.00
Square Footage 23,554
Acres 1.29
Year Built 1974
Type Commercial Sale
Status Active
Taxes $78,759
Tax Year 2023

Community Information

Address 217-241 Park Ave
City West Springfield
County Hampden
State MA
Zip Code 01089

Amenities

Parking Spaces 71
Is Waterfront No
Has Pool No

Interior

Fireplace No
Basement No

Additional Information

Zoning BA-1
Condo Fees $0

Listing Details

Agent Paul Bongiorni
Office SR Commercial Realty
Buyer Agent Compensation 2%
Buyer Agent Compensation Type %

Listing Map

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