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West Springfield, MA Banks for Sale

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Springfield, MA Agawam, MA Chicopee, MA Holyoke, MA Longmeadow, MA East Longmeadow, MA Westfield, MA Suffield, CT
West Springfield Office Investment Opportunity
Updated: Jan 29, 2024
West Springfield Office Investment Opportunity

217-241 Park Ave, West Springfield, MA 01089

$2,100,000
23,554 sqft
Prime commercial real estate package in downtown West Springfield.
Leaseback opportunity with KeyBank for approximately 14% of the building area.
Includes a 5‑story office tower with readily available, luxurious office space.
Features a vacant, single‑story commercial building suitable for various uses.
Located on a corner lot with high traffic counts and visibility.
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Corner Office Tower with Drive-Through
Updated: Dec 20, 2023
Corner Office Tower with Drive-Through

217-241 Park Avenue, West Springfield, MA 01089

$2,100,000
23,554 sqft
Park Tower at 225 Park Ave: 5‑story office tower (+/- 17,670 net SF) built in 1974
Partial leaseback: KeyBank leases back its recently renovated first‑floor branch and a small portion of the 3rd floor
4th floor recently leased to the local chapter of a national trade organization
Adjacent 229 Park Ave: vacant single‑story commercial building (+/- 5,884 SF) on a separate parcel
Property includes multiple parcels (four total) with both buildings included in the sale
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West Springfield Commercial Investment Opportunity
West Springfield Commercial Investment Opportunity

225 Park Ave, West Springfield, MA 01089

Contact for pricing
23,554 sqft

Prime commercial real estate package with leaseback and redevelopment potential.

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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 3 Active listings in West Springfield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Bank Building with Skylight
Historic Bank Building with Skylight

1665 Main St, Springfield, MA 01103

Contact for pricing
1,608 sqft

Historic bank space with soaring ceilings and a large skylight, plus a decommissioned vault and back area.

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Historic Downtown Office Building
Historic Downtown Office Building

1351 Main St, Springfield, MA 01103

Contact for pricing
13,500 sqft

Multi-level office property with open workspace, upper-floor offices, and conference rooms in a prominent downtown setting.

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Retail Property Near UConn Tech
Retail Property Near UConn Tech

Storrs Mansfield, CT 06268

Contact for pricing
1,953 sqft

Retail property in opportunity zone near UConn Technology Park.

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Retail Property Near UConn Tech
Retail Property Near UConn Tech

Storrs Mansfield, CT 06268

Contact for pricing
1,953 sqft

Retail property in opportunity zone near UConn Technology Park.

View details

Off-Market Properties in West Springfield, MA

Consider similar Off-Market properties in West Springfield, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

63 Park Ave
FINANCIAL BUILDING

63 Park Ave, West Springfield, MA 01089-3303

Estimated value:
$340,000
2,472 sqft 0.92 AC lot
View details
1440 Westfield St
FINANCIAL BUILDING

1440 Westfield St, West Springfield, MA 01089-2021

Estimated value:
$270,000
1,800 sqft 0.50 AC lot
View details
547 Memorial Ave
FINANCIAL BUILDING

547 Memorial Ave, West Springfield, MA 01089-3510

Estimated value:
$415,000
3,232 sqft 1.07 AC lot
View details
58 Un St
FINANCIAL BUILDING

58 Un St, West Springfield, MA 01089-3317

Estimated value:
$325,000
4,682 sqft 0.48 AC lot
View details
39 Morgan Rd
FINANCIAL BUILDING

39 Morgan Rd, West Springfield, MA 01089-1409

Estimated value:
$360,000
2,186 sqft 0.40 AC lot
View details
220 Westfield St
FINANCIAL BUILDING

220 Westfield St, West Springfield, MA 01089-2510

Estimated value:
$360,000
2,390 sqft 1.78 AC lot
View details
225 Park Ave
Individual retail properties

225 Park Ave, West Springfield, MA 01089

Estimated value: by Request
23,554 sqft 1.29 AC lot
View details
88 Van Deene Ave
FINANCIAL BUILDING

88 Van Deene Ave, West Springfield, MA 01089

Estimated value:
$255,000
480 sqft 0.20 AC lot
View details
1010 Un St Ext
FINANCIAL BUILDING

1010 Un St Ext, West Springfield, MA 01089-4221

Estimated value:
$590,000
8,859 sqft 1.39 AC lot
View details
1063 Riverdale St
FINANCIAL BUILDING

1063 Riverdale St, West Springfield, MA 01089-4614

Estimated value:
$360,000
2,432 sqft 0.79 AC lot
View details
206 Park St
FINANCIAL BUILDING

206 Park St, West Springfield, MA 01089-3314

Estimated value:
$510,000
5,120 sqft 1.06 AC lot
View details
225 Park St
FINANCIAL BUILDING

225 Park St, West Springfield, MA 01089

Estimated value:
$885,000
17,670 sqft 0.37 AC lot
View details
345 Memorial Ave
FINANCIAL BUILDING

345 Memorial Ave, West Springfield, MA 01089

Estimated value:
$250,000
0.31 AC lot
View details
85 Elm St
FINANCIAL BUILDING

85 Elm St, West Springfield, MA 01089-2704

Estimated value:
$650,000
11,578 sqft 0.20 AC lot
View details

West Springfield, MA Banks Market Trends and Statistics

Explore 17 banks for sale in West Springfield, MA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 70,662 square feet of properties for sale, with an estimated market value of $4,200,000.

Sale prices for bank buildings in West Springfield, MA average $2,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 5
Banks 3
Shopping centers 1

Demographics Overview

Population 29K
Population Growth (5Y) -0.1%
Median Household Income $70,401
College Educated 24.6%

High-Yield Neighborhoods for Investment

Identify West Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
01089 $2.1M

Taxes & Financing

Tax Rate (average for all types) 2.88%
Property Tax per SF $37.56 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hampden County

New Delisted

Total CRE Inventory on Market (SF)

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