Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale with a partial leaseback. 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 luxurious office space, 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. The 4th floor was recently leased to the local chapter of a national trade organization. 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.
- Disclosure
- Tax Year:
- 2023
- Status:
- Active
- Zoning:
- BA-1
- Orig Price:
- $2,600,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- West Springfield
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01089
- Longitude:
- W73° 22' 41.6''
- Latitude:
- N42° 6' 13.4''
Commercial Sale
217-241 Park Ave, West Springfield, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,100,000
- Square Footage :
- 23,554 Sqft
- Year Built :
- 1974
- Lot Area :
- 1.29 Acre
- Listing ID :
- 73197300
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com