Commercial for Sale: 217-241 Park Ave, West Springfield, MA 01089

23,554 sqft
$2,450,000
$2,450,000
217-241 Park Ave, West Springfield, MA 01089
23,554 sqft
$2,450,000
Remove from
FavoritesAdd to
Favorites		 Add to
Trip Map		 Hide Share or
Email
Price:
$2,450,000
$150,000 - 05/03/2024
Est. payment: Skip to Mortgage Calculator

Get Pre-Approved

Type Commercial
Square Feet 23,554 sqft
Lot Size 1.29 acres
Year Built 1974
City West Springfield
County Hampden
MLS 73197300
Status Active
DOM 325 days
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.

Lot & Building Features

Tax Year 2023
Taxes Paid $78,759

Price History of 217-241 Park Ave, West Springfield, MA

Date Name Price Difference
05/03/2024 Price Adjustment $2,450,000 5.77%
01/29/2024 Listing Price $2,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Open new tab for directions to this property
Map of 217-241 Park Ave, West Springfield, MA

Location Map Street View

Inquire about this property

Photo of Kenny Laughters
Direct: 603-554-0010
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by SR Commercial Realty, Paul Bongiorni
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Browse By Area

217-241 Park Ave (MLS #73197300) is a commercial listing located in West Springfield, MA. This commercial listing is 23,554 sqft and on a lot of 56,192 sqft (or 1.29 acres) and is 50 years old. This property was listed on 01/29/2024 and has been priced for sale at $2,450,000.

Nearby zip codes are 01001, 01103, 01104, 01105 and 01107. This property neighbors other cities such as Agawam, Chicopee, Longmeadow and Springfield.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: SR Commercial Realty

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.