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    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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    West Springfield Commercial Investment Opportunity
    Updated: Jan 29, 2024
    West Springfield Commercial Investment Opportunity

    225 Park Ave, West Springfield, MA 01089

    Contact for pricing
    23,554 sqft
    Leaseback agreement with KeyBank ensures immediate, stable income.
    Prime commercial real estate package in downtown West Springfield.
    Includes a 5‑story office tower and a single‑story office building.
    High‑traffic corner lot location offers excellent visibility and accessibility.
    Diversified opportunity for leasing vacant spaces or redevelopment.
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    Corner Office Tower with Drive-Through
    Corner Office Tower with Drive-Through

    217-241 Park Avenue, West Springfield, MA 01089

    $2,100,000
    23,554 sqft

    5-story office tower plus adjacent single-story office building, each on separate parcels with a partial leaseback.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Office/Retail Condominium with Drive-Through
    Office/Retail Condominium with Drive-Through

    60 Hyde Ave 60, Vernon, CT 06066

    $489,900
    1,960 sqft 0.89 AC lot

    Office/retail condominium set up for a credit union, featuring drive-through ATM lanes and on-site parking.

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    Vernon Office/Retail Condo For Sale
    Vernon Office/Retail Condo For Sale

    60 Hyde Avenue #60, Vernon, CT 06066

    $489,900
    1,960 sqft 0.89 AC lot

    1,960 SF office/retail condo with high visibility.

    View details
    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.

    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

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

    1440 Westfield St, West Springfield, MA 01089-2021

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

    547 Memorial Ave, West Springfield, MA 01089-3510

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

    58 Un St, West Springfield, MA 01089-3317

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

    39 Morgan Rd, West Springfield, MA 01089-1409

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

    220 Westfield St, West Springfield, MA 01089-2510

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

    225 Park Ave, West Springfield, MA 01089

    Value Estimation 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

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

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

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

    1063 Riverdale St, West Springfield, MA 01089-4614

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

    206 Park St, West Springfield, MA 01089-3314

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

    225 Park St, West Springfield, MA 01089

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

    345 Memorial Ave, West Springfield, MA 01089

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

    85 Elm St, West Springfield, MA 01089-2704

    $650,000
    Estimated value
    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 7
    Shopping centers 4
    Banks 3

    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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