$2,450,000
Active
49 Days Online
0 Beds0 Baths23,554 SQFT
Active

217-241 Park Ave West Springfield, MA 01089

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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.

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountyHampden
  • Taxes$78,759
  • HOA/Condo/Coop Fees$0
  • Days on Site49 Days
  • MLS StatusActive
  • MLS ID Number73197300
  • Home Size Source N/A
  • Year Built1974
  • Lot Size1.29 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 71
  • Acreage 1.29
  • Zoning BA-1

Exterior Features

  • Waterfront Property No

Community Features

  • Senior Community No
  • Adult Care Community No

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Monthly Payment (Est.)

$11,903
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