West Springfield Commercial Investment
For Sale
Contact for pricing
225 Park Ave, West Springfield, MA 01089
Prime commercial real estate package with leaseback and redevelopment potential.
Property Size23,554 SF
Price / SF$89.16
Days on Market934
Property Features for 225 Park Ave
General Information
Standard status
Active
Size
23,554 SF
Total Parking Spaces
71
Property subtype
Retail, Office
Zoning
BA-1
Occupancy
14%
Lease Type
NNN
Investment Type
Sale/Leaseback
Building Details
Year Built
1974
Buildings
2
Stories
5
Tenancy
Multi
Listing Agency:
Pioneer CRE
(413) 459-0570
Listed By:
Paul Bongiorni · License #9575704
Source:
Crexi
Added: Jan 29, 2024
Changed: Aug 11
Last Checked: Aug 19 at 7:04PM
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 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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
