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Freestanding Office Building For Rent
For Lease
$9 SF/Yr

229 Park Ave, West Springfield, MA 01089

Freestanding office building with high visibility in West Springfield.

Space SizeContact for details
Property Size5,884 SF
Lot Size0.51 Acres
Days on Market180

Property Features for 229 Park Ave

General Information

Standard status Active
Size 5,884 SF
Lot size 0.51 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $16,975

Building Details

Building Size 5,884 SF
Year Built 1955
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #9575704
Source: Elliman
Added: Mar 10 Changed: Sep 4 Last Checked: Sep 4 at 9:50AM

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.

This freestanding office building is located on the corner of Park Avenue and Western Avenue in West Springfield, offering good visibility on busy Park Avenue. The property is adjacent to the prominent Park Tower. It is situated minutes from downtown Springfield, Riverdale Street retail and shopping centers, and area highways. The property has many usage possibilities.

Key Highlights

  • Freestanding office building on a corner lot.
  • High visibility location on busy Park Avenue.
  • Close proximity to downtown Springfield.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Storage Facility Furniture & Home Goods Restaurant Spa & Massage Center

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

1,174
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
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding office building with high visibility in West Springfield.
Where is this office building located?
The property is located at 229 Park Ave 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.; High visibility location on busy Park Avenue.; Close proximity to downtown Springfield.
More about this property
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