$2,450,000
( $104.02Per Sq Foot )
 $13,152 est/mo Sourced by Back At You

217-241 Park Ave , West Springfield, MA 01089

West Springfield, MA 01089

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Description

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.

Details

MLS#73197300
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1974
Days On Site386
Listing Provided BySR Commercial Realty | Paul Bongiorni

Features

SQ Feet23,554
ZoningBA-1
Acreage1.29

Market Activity 01089

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Learn More About This Property

StateMA
CountyHampden
CityWest Springfield
Zip Code01089
AreaHampden
Listing VS Median (in 01089)
Price:
$2,450,000
low | high
Med:
$332,250
100% of Average
SqFt:
23,554
low | high
Med:
1,348
100% of Average
$ / SqFt:
$104
low | high
Med:
$261
100% of Average
On Site:
386
low | high
Med:
47.500000
100% of Average
Sourced by Back At You
Listing Updated: January 19, 2025 at 4:45:48 AM PST