217-241 Park Ave , West Springfield, MA 01089
West Springfield, MA 01089
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.
Details
| Mls | 73197300 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 312 |
| Listing Provided By | SR Commercial Realty | Paul Bongiorni |
Features
| Sq Feet | 23,554 |
|---|---|
| Zoning | BA-1 |
| Acreage | 1.29 |
Market Activity 01089
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| State | MA |
|---|---|
| County | Hampden |
| City | West Springfield |
| Zip Code | 01089 |
| Area | Hampden |
| Listing VS Median (in 01089) | |
Price: $2,450,000 low | high Med: $329,250 SqFt: 23,554 low | high Med: 1,657 $ / SqFt: $104 low | high Med: $199 On Site: 312 low | high Med: 29.000000 | |