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    229 Park St W Springfield, MA 01089

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    For Lease
    $9 SF/Yr ($4,413 /Mo)

    Single tenant office/retail building with high visibility available for lease.

    Property size:
    5,884 SF
    Lot size:
    0.51 Acres

    Property Features for 229 Park St

    General Information

    Size
    5,884 SF
    Lot size
    0.51 Acres

    Source: Pioneer CRE Agent Paul Bongiorni

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

    Overview

    Freestanding Office Building For Rent

    This 5,884 square foot freestanding office building is located on the corner of Park Avenue and Western Avenue in West Springfield. The property offers good visibility on Park Avenue and is adjacent to Park Tower. It is situated minutes from downtown Springfield, Riverdale Street retail and shopping centers, and area highways. The property has many usage possibilities and is suitable for a single tenant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    W Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.623246
    Latitude
    42.103015

    Nearby Similar for Lease

    • Contact for pricing
      2,202 SF

      Retail Space Near Route 5

      Retail spaces with convenient access to major routes and downtown.
      219 Memorial Ave, W Springfield, MA 01089
      View Details
    • $2,100,000
      2,721 SF

      Park Avenue Office Space Available

      Fifth floor office space for lease on Park Avenue.
      225 Park St, W Springfield, MA 01089
      View Details

    FAQs

    What type of property is this?
    Office building - Single tenant office/retail building with high visibility available for lease.
    Where is this office building located?
    The property is located at 229 Park St W Springfield, MA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Freestanding office building with high visibility on busy Park Avenue.; - Located on the corner of Park Avenue and Western Avenue in West Springfield.; - 5,884 SF single tenant building.
    (413) 312-9299
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    229 Park St W Springfield, MA 01089
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    W Springfield, MA 01089
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Park St W Springfield, MA 01089
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