217-241 Park AvenueWest Springfield, MA 01089MLS Number 73197300

  • Price: $2,600,000
  • 25 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1.29Acreage
  • 1974Year Built
  • 23,554Square Feet
  • ActiveMls Status

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Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale, with a leaseback of approximately 14% of the building area to KeyBank. The sale includes a prominent 5-story office tower and a single-story office building, spread across four parcels. Park Tower (225 Park Ave.) features multiple floors of readily available and luxurious office space, including a boardroom and several kitchens, along with a two-lane drive-through/ATM. The tower is +/- 17,670 net SF. KeyBank will lease back their existing first floor branch, which was recently renovated, as well as a small portion of the 3rd floor. Adjacent to the tower is a vacant, single-story +/- 5,884 SF commercial building (229 Park Ave.) which could be suitable for a variety of uses. Located minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Big E, and area highways. Corner lot with great traffic counts and visibility.
Listed by Paul Bongiorni of SR Commercial Realty

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More Info

Basic Information

  • Mls StatusActive

Location

  • Address217-241 Park Avenue
  • Building Number217-241
  • CountyHampden
  • StateMA
  • StreetPark Avenue
  • TownWest Springfield
  • Zip01089

Other

  • Buyer Agency Compensation2%
  • Date Listed01/29/2024
  • Farm Land Area Units Square Feet
  • View Count10

Tax Information

  • Tax Year 2023
  • Taxes$78,759

Building

  • Building Area Units Square Feet
  • Year Built1974

Property

  • Acreage1.29

Parking

  • Parking Spaces71

Basic Information

  • List Price$2,600,000
  • MLS Number73197300
  • Modification Date02/03/2024

Property Information

  • Living Area 23,554
  • Lot Size Square Feet 56,192
  • Lot Size Units Acres
  • Square Feet23,554
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
4 Liberty Street, Suite A
Easthampton, MA 01027

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