$2,100,000

217-241 Park Ave, West Springfield, MA 01089

  • 23,554 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon1.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 1 year ago

Property 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.

Listing Status:
Pending
Date Added:
January 29, 2024 at 06:00AM
Listing Office:
Pioneer CRE : 413-312-9299
Listing Agent:
Paul Bongiorni : 413-459-0570
MLS ID:
73197300
  • Originating MLS: MLS Property Information Network
  • County: Hampden
  • Zoning: BA-1
  • Source: MLS Property Information Network

This listing courtesy of Paul Bongiorni, Pioneer CRE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Philip G. Coburn Elementary School

115 Southworth St, West Springfield, MA, 01089

Grades KG-5

0.31 miles away

W

West Springfield Middle School

31 Middle School Dr, West Springfield, MA, 01089

Grades 6-8

2.01 miles away

W

West Springfield High School

425 Piper Rd, West Springfield, MA, 01089

Grades 9-12

1.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.