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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 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.

More Info

Basic Information

  • Mls StatusActive

Tax Information

  • Tax Year 2023
  • Taxes$78,759

Basic Information

  • List Price$2,100,000
  • MLS Number73197300
  • Modification Date01/22/2026

Location

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

Building

  • Building Area Units Square Feet
  • Year Built1974

Property

  • Acreage1.29

Property Information

  • Living Area 23,554
  • Lot Size Square Feet 56,192
  • Lot Size Units Acres
  • Square Feet23,554

Other

  • Date Listed01/29/2024
  • Farm Land Area Units Square Feet
  • View Count8

Map Location

Driving Directions

Listed by Paul Bongiorni of Pioneer CRE

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