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217-241 Park Ave

West Springfield, MA 01089
  • $2,450,000
  • STATUS: Active
  • MLS #: 73197300
UPDATED: 53 min ago
$2,450,000
  • 0
    BEDS
  • 1.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,554
    SQFT
  • $104
    $/SQFT
Type:
Commercial
Built:
1974
County:

School Ratings & Info

Listing courtesy of Paul Bongiorni of SR Commercial Realty.

Description

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-07-21T08:07:01.28.
www.maloneypropertiesrealestate.com/homes/147027174
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217-241 Park Ave West Springfield, MA 01089

  • Price: $2,450,000
  • Status: Active
  • On Site: Days
  • Updated: 53 min ago
  • MLS #: 73197300
0
Beds
0
Baths
0
½ Baths
1.29
Acres
23,554
SQFT
$104
$/SQFT
1974
Built
County:
Hampden
Property Description
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.
Exterior Features

Parking Total 71 Waterfront YN No

Interior Features

Building Area Total 23554

Property Features

Association YN No Business Type Commercial Buyer Agency Compensation 2% Disclosures All measurements/number of parking spaces approximate. Buyer to verify all informationzoninguse. Sale/leaseback terms subject to change. Buyer to pay lease commission/no leasing fee due to buyer's agent. Listing broker hired by JLL Illinois as cooperating local broker. Seller is client of JLL. Home Warranty YN No Senior Community YN No Tax Annual Amount 78759 Tax Year 2023 Transaction Broker Compensation 0 Zoning BA-1

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Paul Bongiorni of SR Commercial Realty: 413-459-9959.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-07-21T08:07:01.28.
 
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Maloney Properties Real Estate Brokerage
27 Mica Lane 3rd Floor
Wellesley MA, 02481
Listing courtesy of Paul Bongiorni of SR Commercial Realty.