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Freestanding Corner Office Building
For Lease
$9 SF/Yr

229 Park Avenue, West Springfield, MA 01089

Freestanding office building on a corner lot with strong visibility on busy Park Avenue.

Space SizeContact for details
Days on Market573

Property Features for 229 Park Avenue

General Information

Standard status Active

Building Details

Year Built 1955
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni
Source: Parksquarerealty
Added: Feb 9, 2025 Changed: Sep 4 Last Checked: Sep 4 at 10:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pioneer CRE

Investment Insights

Based on property information with market context.

Freestanding office building located on the corner of Park Avenue and Western Avenue in West Springfield. The property offers many usage possibilities for an owner-operator or tenant seeking a standalone office setting.

The building benefits from good visibility along busy Park Avenue and is adjacent to Park Tower. It is minutes from downtown Springfield, Riverdale Street retail/shopping centers, and area highways.

The asset is positioned for straightforward access and prominent street presence, with configuration suited to a freestanding office use.

Key Highlights

  • Freestanding office building on a corner lot at Park Avenue and Western Avenue in West Springfield
  • Built in 1955
  • Good visibility on busy Park Avenue, adjacent to prominent Park Tower

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tech Support Center Plumbing Service Parking Lot & Garage Skin Care Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,051
Businesses Nearby

Demographics for 01089, MA

28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding office building on a corner lot with strong visibility on busy Park Avenue.
Where is this office building located?
The property is located at 229 Park Avenue West 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 on a corner lot at Park Avenue and Western Avenue in West Springfield; Built in 1955; Good visibility on busy Park Avenue, adjacent to prominent Park Tower
More about this property
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