225 Park Ave West Springfield, MA 1089
Prime commercial real estate package with leaseback and redevelopment potential.
Type:Retail, Office
Property size:
23,554 SF- Added:
- Jan 29, 2024
- Days on Market:
- 798
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 225 Park Ave
General Information
- Standard status
- Active
- Size
- 23,554 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1974
Listing agent Paul Bongiorni License #9575704
Listing office Pioneer CRE
Listing date Jan 29, 2024
Source Crexi
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
Overview
West Springfield Commercial Investment Opportunity
This commercial real estate package in downtown West Springfield presents an investment opportunity. The offering includes two buildings on four parcels: a 5-story office tower and a single-story office building. The Park Tower at 225 Park Ave features multiple floors of office space and a two-lane drive-through/ATM. KeyBank will lease back its recently renovated first-floor branch and a portion of the third floor. A local chapter of a national trade organization has leased the fourth floor. Adjacent to the tower at 229 Park Ave is a vacant, single-story office or retail building that can accommodate various business operations. Located on a corner lot in a high-traffic area, the site offers visibility and accessibility. The location is near downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Eastern States Exposition fairgrounds/Big E, and area highways including the MA Pike. The property size is 23554 square feet. The leaseback to a national tenant, an existing tenant, and the inclusion of four parcels provide a stable income source while allowing for ongoing leasing of vacant spaces or redevelopment.
Location Intelligence
Current Use by Public Records
KeyBank
Bank
KeyBank ATM
Atm
Location Insight
- Map
- Local Demand
- City
- West Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6221245
- Latitude
- 42.1036483
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime commercial real estate package with leaseback and redevelopment potential.
Where is this office building located?
The property is located at 225 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: 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.
