Commercial for Sale: 217-241 Park Ave, West Springfield, MA 01089

23,554 sqft
$2,450,000
$2,450,000
217-241 Park Ave, West Springfield, MA 01089
23,554 sqft
$2,450,000
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Price:
$2,450,000
$150,000 - 05/03/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Square Feet 23,554 sqft
Lot Size 1.29 acres
Year Built 1974
City West Springfield
County Hampden
MLS 73197300
Status Active
DOM 279 days
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.

Lot & Building Features

Tax Year 2023
Taxes Paid $78,759

Price History of 217-241 Park Ave, West Springfield, MA

Date Name Price Difference
05/03/2024 Price Adjustment $2,450,000 5.77%
01/29/2024 Listing Price $2,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Christine Ashford
Direct: 603-770-1748
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360
Listed by SR Commercial Realty, Paul Bongiorni
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Listing information courtesy of: SR Commercial Realty

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