SQUARE FEET23,554
MLS#73197300
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
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.
Property Features
Property Type: Commercial - Business
Lot Size: 1.29 Acres
Taxes: $78,759
Year Built: 1974
Feature Descriptions
Building Area Total: 23554
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 815
Rental Term: Monthly
Listed By / Shown By
Listed By
Agency Name: Pioneer CRE
Agency Phone: 413-312-9299
Agent Name: Paul Bongiorni
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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217-241 Park Ave | MLS# 73197300
This commercial property located at 217-241 Park Ave, West Springfield, MA 01089 is currently listed for sale with an asking price of $2,100,000. Search West Springfield real estate on www.masiellogrouprealestate.com today.