Park Tower FOR SALE


West Springfield, MA
$2,450,000 USD
413-459-0570
, West Springfield, MA for Sale
$2,450,000 USD
FOR SALE
1/31
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Park Tower
West Springfield, MA


HIGHLIGHTS

  • Four separate parcels included (217, 225, 229, and 241 Park Ave.)
  • Corner lot at signalized intersection
  • Near city hall and municipal buildings
  • Close to The Eastern States Expo, the largest agricultural event on the eastern seaboard and the 5th largest fair in the US
  • Close to downtown Springfield and area highways
  • Sale/leaseback to national bank

OVERVIEW

Presenting a 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. This offering includes two distinct buildings, 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. 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 office or possible retail building (229 Park Ave.). This building provides flexibility to accommodate a range of business operations. Strategically located on a corner lot, this package benefits from a high-traffic area, ensuring visibility and accessibility for both clients and employees. The site is minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the popular Eastern States Exposition fairgrounds/Big E, and all area highways including the MA Pike. With an attractive leaseback to a national tenant and the inclusion of four separate parcels, this diversified opportunity provides a stable source of income for the new owner while allowing for ongoing leasing of vacant spaces or redevelopment.

ASK ABOUT THIS PROPERTY

Paul BongiorniSR Commercial Realty LLCMore Info
413-459-0570

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Paul BongiorniSR Commercial Realty LLCMore Info
413-459-0570

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.