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217-241 Park Ave West Springfield, MA 01089

For Sale
$2,100,000

Prime commercial real estate package with leaseback in downtown.

Lot size:
1.29 Acres

Property Features for 217-241 Park Ave

General Information

Lot size
1.29 Acres

Building Details

Year built
1974

Source: Pioneer CRE Agent Paul Bongiorni

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


Overview

West Springfield Office Investment Opportunity

This commercial real estate package in downtown West Springfield presents a unique investment opportunity. The sale includes a five-story office tower and a single-story office building, situated across four parcels. The Park Tower at 225 Park Ave. offers approximately 17,670 net square feet of office space across multiple floors. Features include a boardroom, several kitchens, and a two-lane drive-through ATM. KeyBank will lease back their existing first-floor branch, which was recently renovated, and a small portion of the third floor. Adjacent to the tower is a vacant, single-story commercial building at 229 Park Ave., offering approximately 5,884 square feet. This building could be suitable for a variety of uses. The property is located minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Big E, and area highways. The corner lot benefits from high traffic counts and visibility.
Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
West Springfield
County
Hampden
State
Massachusetts
Longitude
-72.6217903
Latitude
42.1037159

FAQs

What type of property is this?
Office building - Prime commercial real estate package with leaseback in downtown.
Where is this office building located?
The property is located at 217-241 Park Ave West Springfield, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - 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**.
More about this property
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