MA > West Springfield
West Springfield, MA 01089,217-241 Park Ave
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West Springfield, MA 01089,217-241 Park Ave
West Springfield, MA 01089,217-241 Park Ave
West Springfield, MA 01089,217-241 Park Ave
West Springfield, MA 01089,217-241 Park Ave
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John J. Dean, Jr

John J. Dean, Jr

Engel & Völkers Americas

+1(617) 553-1926
$ 2,100,000
Est. payment /mo
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217-241 Park Ave West Springfield, MA 01089

23,554 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 23,554 sqft

Price per Sqft $89

MLS Listing ID 73197300

HOA Y/N false

Year Built 1974

Annual Tax Amount $78,759

Tax Year 2023

Lot Size 1.290 Acres

Acres 1.29

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.

Location

State MA

County Hampden

Zoning BA-1

Direction GPS

Exterior

Total Parking Spaces 71

Others

Senior Community false

Listed by SR Commercial Realty
agent

John J. Dean, Jr

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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