217-241 Park Ave West Springfield MA 01089 MLS #73197300

217-241 Park Ave
West Springfield, MA, 01089
$2,450,000
Beds
0 Baths
23,554 SqFt

Date Available
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$2,450,000
West Springfield, MA, 01089
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.
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Property Details

Price:
$2,450,000
MLS #:
73197300
Status:
Active
Beds:
0
Baths:
0
Address:
217-241 Park Ave
Type:
Commercial
City:
West Springfield
Listed Date:
Jan 29, 2024
State:
MA
Finished Sq Ft:
23,554
ZIP:
01089
Lot Size:
56,192 sqft / 1.29 acres (approx)
Year Built:
1974

Schools

Interior

Exterior

Parking Spots
71

Financial

Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$78,759

Map

217-241 Park Ave
West Springfield, MA