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
1.29 Acres
$2,450,000
217-241 Park Ave
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.

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
Total 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

Tax Year
2023
Taxes
$78,759
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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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.
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217-241 Park Ave
West Springfield, MA