Price Reduced 5.77%

$2,450,000

Est. Mortgage $12,713/mo *

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217-241 Park Ave, West Springfield, MA, 01089

217-241 Park Ave, West Springfield, MA, 01089
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1974

23,554 sqft

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.

Status:

Active

Type:

Commercial

Zoning:

BA-1

Parking:

71-car

Acreage:

1.29

Est. Taxes:

$78,759

MLS #:

73197300

Buyer Agent Compensation:

2%%

Facilitator Compensation:

0

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Listing courtesy of Paul Bongiorni, SR Commercial Realty