217-241 Park Ave, West Springfield, MA

$2,450,000

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23,554

Square feet

1.29

Acres

About 217-241 Park Ave

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.

Features of 217-241 Park Ave

MLS® # 73197300
Price $2,450,000
Bathrooms 0.00
Square Footage 23,554
Acres 1.29
Year Built 1974
Type Commercial Sale
Status Active

Community Information

Address 217-241 Park Ave
City West Springfield
County Hampden
State MA
Zip Code 01089

Amenities

Parking Spaces 71
Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Zoning BA-1

Listing Details

Agent Paul Bongiorni
Office SR Commercial Realty
Buyer Agent Compensation 2%
Buyer Agent Compensation Type %

Listing Map

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