217-241 Park AvenueWest Springfield, MA 01089MLS Number 73197300

  • Price: $2,450,000
  • 139 Days on Market
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Federal 30-year interest rate: 6.95% last updated on Jun 13, 2024
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217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089217-241 Park Avenue West Springfield MA 01089
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  • 1.29Acreage
  • 1974Year Built
  • 23,554Square Feet

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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.
Listed by Paul Bongiorni of SR Commercial Realty

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Basic Information

  • Mls StatusActive

Location

  • Address217-241 Park Avenue
  • Building Number217-241
  • CountyHampden
  • StateMA
  • StreetPark Avenue
  • TownWest Springfield
  • Zip01089

Other

  • Buyer Agency Compensation2%
  • Date Listed01/29/2024
  • Farm Land Area Units Square Feet
  • View Count84

Tax Information

  • Tax Year 2023
  • Taxes$78,759

Building

  • Building Area Units Square Feet
  • Year Built1974

Property

  • Acreage1.29

Parking

  • Parking Spaces71

Basic Information

  • List Price$2,450,000
  • MLS Number73197300
  • Modification Date05/07/2024

Property Information

  • Living Area 23,554
  • Lot Size Square Feet 56,192
  • Lot Size Units Acres
  • Square Feet23,554

West Springfield, MA Demographics

There is no data available

West Springfield, MA Real Estate Market Data

There is no data available

West Springfield, MA Schools

School NameDistanceTypeGrades
Union Crossing Realty
Union Crossing Realty
Office: 413-427-2390
420 Union Street
Westfield, MA 01085

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