217-241 Park Ave, West Springfield, MA 01089
Hampden County
Key Facts
Description
Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale with a partial leaseback. 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 luxurious office space, 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. The 4th floor was recently leased to the local chapter of a national trade organization. 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.
Property Information
Property Type
Commercial Sale
Year Built
1974
Living Area
23,554 sq ft
Lot Size
1.29 acres
Zoning
BA-1
MLS® Listing#
73197300
Property Features
Financial Details
HOA
None
Annual Taxes
$78,759
Tax year 2023
Directions
GPS
Affordability Calculator
$420,000
Estimated monthly payment
$11,177/mo
Principal $1,680,000 · Est. interest $2,343,749 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in West Springfield, MA
- $400,000
- Median Listing Price
- 37
- Median Days on Market
- 1,728
- Median Sq Ft
- $243
- Median Price / Sq Ft
- 372
- Active Listings
- This home’s price is 425% above the area median.
- Its price per sq ft is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in West Springfield, MA.
Location
- 217-241 Park Ave, West Springfield, MA 01089
Points of Interest in West Springfield, MA
Showing the West Springfield area map.
Nearby Schools
Coburn Elementary School
Elementary · 0.2 mi away
The Children's House of West Springfield, Inc
School · 0.5 mi away
Memorial Elementary School
Elementary · 0.5 mi away
Hampden Charter School of Science West Pto
Secondary · 0.6 mi away
The Kids' Place
School · 0.8 mi away
Mittineague Elementary School
Elementary · 0.9 mi away
Lincoln Elementary School
Elementary · 1.0 mi away
St Thomas School
School · 1.0 mi away
Granger Elementary School
Elementary · 1.1 mi away
Chestnut Street Middle
Elementary · 1.1 mi away
Chestnut Accelerated Middle School
Secondary · 1.1 mi away
Agawam Middle School
Elementary · 1.1 mi away
Brightwood Elementary School
Elementary · 1.2 mi away
German Gerena Community School
Elementary · 1.2 mi away
Head Start
School · 1.3 mi away
Springfield Middle School
Secondary · 1.4 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
Robinson Park
Elementary · 1.4 mi away
City of Springfield Springfield Academy
School · 1.4 mi away
Springfield School Volunteers
School · 1.5 mi away
Commute Calculator
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Similar Home Values
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 111 Charles Neck Way, West Tisbury, MA | $1,499,000 | 3 | 2 | 1,562 |
| 43 Shore Road, West Yarmouth, MA | $1,500,000 | 6 | 6 | 2,859 |
| 1 Belmont Road 444, West Harwich, MA | $1,500,000 | 3 | 2 | 1,832 |
| 2231 Meetinghouse Way, West Barnstable, MA | $1,500,000 | 2 | 2 | 1,692 |
| 2231 Meetinghouse Way, West Barnstable, MA | $1,500,000 | — | — | 1,692 |
| 3 Archelaus Hill Rd, West Newbury, MA | $1,550,000 | 4 | 4 | 4,566 |
Moving Cost Estimate
EXIT Agents in West Springfield
Listing Courtesy: Pioneer CRE - 4133129299
Presented by: Paul Bongiorni